Securities / Derivatives

SFC, HKMA to Launch New Survey to Assess Product Selling Risks

10/12/2019

The survey will help the SFC and HKMA identify risks associated with the selling activities of intermediaries and coordinate their responses to address areas of common concern.

Big Picture

Fund Managers to Remain in Regulatory Spotlight in 2020: Moody’s

10/12/2019

Asset managers will remain in the regulatory spotlight as authorities actively work to reduce conflicts of interest in financial advice and elevate supervision of fund liquidity management.

Capital / Liquidity

Hong Kong Introduces New Loan Guarantee Scheme for SMEs

10/12/2019

LegCo has approved HK$33bn in funding to provide 90% guarantees on approved loans taken out by eligible enterprises and professionals seeking to set up their own practices.

Enforcement

Former CSRC Shandong Official Expelled from CCP For Graft

10/12/2019

Xu Tie was placed under investigation earlier this year, 6 years after his retirement from the Shandong bureau of the CSRC.

Capital / Liquidity

ASIC Offers Clarity on Responsible Lending Obligations

09/12/2019

ASIC has clarified when a licensee might undertake more or less detailed inquiries and verification steps based on different consumer circumstances and the type of credit being sought.

Market Infrastructure

ESMA Recognises India’s MCX Clearing Corp as Third Country CCP

09/12/2019

The recognition allows European participants to apply lower risk weights on their exposures to MCX CCL, which will translate to lower capital requirements.

Fintech / Regtech

Beijing to Pilot Fintech Regulatory Framework

09/12/2019

The pilot will allow the PBOC to explore regulatory tools that it can use as part of a nationwide supervisory framework for fintech.

Securities / Derivatives

SEBI Proposes Mandatory Benchmarking of Alternative Investment Funds

09/12/2019

Alternative investment funds with at least a three-year track record will have to be benchmarked against industry peers and their performance disclosed to investors.

Market Infrastructure

MiFID II Has Not Delivered Lower Market Data Costs: ESMA

09/12/2019

ESMA is calling for a real-time consolidated tape for equity instruments to improve transparency and remedy the fragmentation in European capital markets.