Securities / Derivatives

China Encourages Foreign Firms to Issue Panda Bonds

12/02/2019

Overseas non-financial enterprises will be able to issue panda bonds within one year of registering with NAFMII, and use the proceeds either in China or abroad.

AML / KYC

China Toughens Penalties for Underground Banks

12/02/2019

Operators of underground banks engaging in illegal forex trading and cross border transfers will face up to 5 years imprisonment, more in the most serious cases.

Enforcement

APRA Issues Update on Implementation of Hayne Recommendations

11/02/2019

APRA details the work already underway to implement the Recommendations and confirms it is examining the 12 matters referred by the Royal Commission.

Market Infrastructure

RBI Eyes Holding Company Model for India’s Banks

11/02/2019

The RBI wants banks to operate as subsidiaries of financial holding companies, with other business arms also split off into separate subsidiaries.

Securities / Derivatives

SEBI to Move Volatile Equity Derivatives to Physical Settlement

11/02/2019

Equities derivatives with heightened volatility will see an earlier than expected move to mandatory physical settlement, SEBI’s latest effort to reduce speculation and volatility.

Capital / Liquidity

Former RBI Governor Speaks Out on Central Bank Autonomy

11/02/2019

Former central bank governor YV Reddy says there is no doubt the government has a claim over the RBI’s reserves, but questions how it is exercising its claim.

Crypto / Digital Assets

Philippines’ CEZA Issues New Rules for Digital Assets, Token Offerings

08/02/2019

The new regulations cover the acquisition of crypto assets, including utility and security tokens, as well as issuer requirements relating to registration, security and investor protection.

Mortgage Brokers Push Back Against Hayne Recommendations

08/02/2019

A blanket ban on commissions as suggested by Kenneth Hayne would have a “devastating effect” on mortgage broking industry, says MFAA CEO Mike Felton.

Market Infrastructure

ASIC ‘Well-Placed’ to Manage Impacts of No-Deal Brexit

08/02/2019

ASIC says it is carefully monitoring developments and has been liaising closely with UK and Australian authorities to plan for potential Brexit-related impacts.