Crypto / Digital Assets

Japan to Impose Margin Trading Limits in Cryptocurrency Sector

20/03/2019

New rules will limit cryptocurrency margin trading to two-to-four times initial deposits and require exchanges offering margin facilities to register separately with government.

Vietnam Ups Pressure on Banks to List Before 2020

19/03/2019

Vietnam’s prime minister has approved a scheme that will force banks to list on a stock exchange by 2020. Banks are currently reluctant to go public due to poor market conditions.

Market Infrastructure

Brunei Earmarks $300mn for Proposed Stock Exchange

19/03/2019

Brunei’s government has agreed on a budget of more than $300mn to establish the country’s first stock exchange in the next few years.

Capital / Liquidity

China Proposes Establishment of Independent Deposit Insurance Agency

19/03/2019

The proposed agency – the first of its kind in China – could help failed banks to exit the market, limit depositor losses, and prevent contagion effects when serious credit risk events arise.

Enforcement

Australia Consults on Making Industry Codes Legally Enforceable

19/03/2019

The Treasury is proposing legislative amendments to make industry codes of conduct legally enforceable, where contraventions will constitute a breach of the law.

Enforcement

SFC Fines BOCI Securities for ‘Systemic Deficiencies’ in Selling Practices

19/03/2019

BOCI Securities failed to comply with requirements relating to client profiling, product due diligence, and suitability assessment in its sale and distribution of investment products.

Capital / Liquidity

RBI Releases Latest List of Indian D-SIBs

18/03/2019

SBI, ICICI Bank and HDFC Bank will remain India’s D-SIBs this year. The additional CET1 capital they need to hold will rise in April.

Capital / Liquidity

China Banks Allowed Higher Bad Debt Ratios for ‘Inclusive’ Loans

18/03/2019

Regulators will tolerate higher NPL ratios on bank lending to small and micro companies, in a bid to improve access to financing for China’s ‘real economy’.

Enforcement

RBI Issues Finalised Guidelines on Market Abuse

18/03/2019

The new rules against market abuse cover market and benchmark manipulation and the misuse of information in markets regulated by the RBI.