Enforcement

UK Regulator Penalises Citigroup for Reporting Failures

28/11/2019

Citi’s UK failings led to “significant errors” in the firms’ returns, preventing the Prudential Regulation Authority from obtaining an accurate picture of its capital or liquidity position.

Securities / Derivatives

Indian Exchanges Issue New Framework for Listing Commercial Paper

28/11/2019

The listing framework for commercial papers will lead to more transparency, a better disclosure regime and greater investor protection.

AML / KYC

ANZ Offers Assurances as Industry Faces AML Scrutiny

28/11/2019

As the industry comes under fire for AML/CTF violations, ANZ Bank has issued a statement confirming it is reviewing its own systems and has not found any material issues to date.

ASIC to Take ‘Facilitative Approach’ to FASEA Code Compliance

27/11/2019

ASIC has clarified its expectations of AFS licensees and financial advisers for compliance with the FASEA code starting from 1 January.

Capital / Liquidity

Quota Depletion Forces Mortgage Lending Halts in Shenzhen

27/11/2019

China Construction Bank, Bank of China and Ping An Bank have reportedly halted mortgage lending in Shenzhen, having depleted their 2019 quotas.

Securities / Derivatives

SGX to Develop New Products Using China Bond Indices

27/11/2019

SGX, ICBC and the CCDC will explore the development of new index fund products using newly-launched China Bond Indices as the underlying, to be listed in Singapore.

Capital / Liquidity

China Economy Still Resilient, Despite Risk Factors: PBOC

27/11/2019

Financial risks have gradually shifted from rapid accumulation to high-level mitigation in the past few years, the PBOC says in its annual financial stability report.

Capital / Liquidity

Banking Supervisors Support Proportionality in Basel Implementation

27/11/2019

A proportionate regulatory framework should not reduce the resilience of banks or dilute the prudential regulatory framework.

Securities / Derivatives

SC Malaysia Releases Five-Year Sustainable Investment Roadmap

27/11/2019

The Securities Commission has released a roadmap charting out Malaysia’s path to becoming a regional leader in sustainable and responsible investment.