Market Infrastructure

CBIRC Orders Self-Inspections to Correct Consumer Harm

11/10/2019

Banks and insurance companies are required to carry out self-inspections to detect and correct practices that infringe on the rights of consumers by 30 November.

Enforcement

Redemptions Halted at Korean Hedge Fund Amid Probe

11/10/2019

An FSS probe into alleged unfair trading has triggered investor redemptions which Lime Asset Management has not been able to meet.

Securities / Derivatives

ASX Announces Final Changes to Listing Rules

10/10/2019

The main changes relate to increased reporting, better and more timely disclosure by listed investment companies, and new measures to address listing rule breaches.

Sanctions

Philippine SEC Proposes New Rules for REITs

10/10/2019

The SEC hopes to develop a viable REIT market to provide funding for infrastructure projects and investment opportunities for local investors.

Market Infrastructure

Thailand Banking Sector Resilient to Severe Shocks: IMF

10/10/2019

Stress tests results and sensitivity analysis indicate that Thailand’s largest banks can withstand a shock broadly “as severe as the Asian financial crisis”.

Securities / Derivatives

SEBI Prescribes New Limits for Debt Fund Exposures

10/10/2019

The regulatory has prescribed new limits for debt mutual funds’ investment in unlisted, unrated and credit enhanced securities, and tightened sector and group level exposure limits.

Securities / Derivatives

Governance of OTC Derivatives Data Elements Finalised

10/10/2019

The FSB has now published the final governance arrangements for both the UTI and UPI, while CPMI-IOSCO has published the same for the other critical data elements.

Capital / Liquidity

Volcker Rule Rewrite Gets Final Approval After Fed Sign-off

10/10/2019

The revisions continue to prohibit proprietary trading, while providing greater clarity and certainty for activities allowed under the law.

AML / KYC

Westpac Expected to Reveal New AML Provisions in Annual Report

09/10/2019

The bank disclosed since last year that it could be fined for nine years of AML failures, but it has not yet had enough information to make provisions against the possible penalties.