Securities / Derivatives

Japan to Exempt Hedge Funds from Stricter Foreign Investment Rules

18/10/2019

The government reportedly intends to exempt ‘portfolio investors’ from having to seek prior approval under the proposed 1% notification threshold.

Capital / Liquidity

APRA Proposes Banks Hold More Capital Against Large Subsidiaries

18/10/2019

APRA proposes to increase the amount of capital banks need to hold to support investments in large subsidiaries, such as their New Zealand units.

Market Infrastructure

Post Crisis Reform Implementation Has Progressed in 2019: FSB

18/10/2019

Regulators should lead by example to promote the timely, full and consistent implementation of remaining reforms to support a level playing field and avoid regulatory arbitrage, the FSB says.

Capital / Liquidity

BSP Reduces Reserve Requirement for Bank Bonds

18/10/2019

The move to lower is aimed at deepening the debt market and reducing the intermediation cost that bond issuers could pass on to bond holders.

Market Infrastructure

Singapore Banks Gain Access to China Interbank Bond Market

17/10/2019

The PBOC will allow designated Singapore banks to offer trading and custody services for China’s bond market, starting with DBS.

Market Infrastructure

Macau Submits Securities Market Proposal to Chinese Authorities

17/10/2019

A senior Guangdong official who reportedly helped Macau authorities prepare the proposal said he hopes the central government will approve the plan by mid-December.

Capital / Liquidity

Japan, EU to Cooperate on Cross-border Resolution Planning

17/10/2019

Through an exchange of letters, Japan’s FSA and the EU’s SRB have agreed to cooperate to plan for and conduct orderly cross-border resolutions of banks.

AML / KYC

Japan Banks Exit Forex Business Amid AML Cost Concerns

17/10/2019

While smaller banks are exiting the foreign exchange business entirely, larger banks are raising counter service fees for overseas remittances.

Market Infrastructure

Disclosure Can Contribute to Customer Harm: ASIC

17/10/2019

Disclosure can backfire in unexpected and harmful ways and should not be relied upon by itself to drive good consumer outcomes, ASIC says in a joint report with the Dutch regulator.