Enforcement

UPDATED – Malaysia SC Fines Deloitte for 1MDB-Linked Auditing Breaches

31/01/2019

SC says Deloitte failed to immediately report irregularities which may have had a material effect on the ability of a 1MDB unit to repay bondholders. Deloitte is seeking a review of the decision.

Capital / Liquidity

APRA Maintains Zero CCyB in Favour of Targeting Lending Standards

30/01/2019

APRA has maintained the countercyclical capital buffer rate at zero percent, focusing instead on targeted measures to improve eroded bank lending standards.

Market Infrastructure

JPM Asset Management Approved to Sell HK Funds in China

30/01/2019

Two of JPMorgan’s Hong Kong funds have been approved for distribution in China under the Mutual Recognition of Funds scheme.

Securities / Derivatives

ASX Consults on Moving Bank Bill Futures to Cash Settlement

30/01/2019

The move is expected to increase participation from swap dealers and offshore entities in Australia’s most actively traded listed short term interest rate derivative.

Securities / Derivatives

SEBI Issues Proposals to Improve Market for REITs, InvITs

30/01/2019

The regulator proposes to reduce the minimum subscription and trading lot size to great retail investors greater access, while also increasing the leverage limit for InvITs.

Market Infrastructure

CSRC Grants QCCP Status to Major Futures Exchanges

29/01/2019

The CSRC says the move demonstrates China’s active promotion of the CPMI-IOSCO Principles for Financial Market Infrastructures and its intent to internationalise its futures markets.

Market Infrastructure

EU-Japan Data Sharing Agreement Takes Effect

29/01/2019

The EU adequacy decision on Japan creates the world’s largest area of safe data flows and serves as an example for future partnerships and global standard setting.

Market Infrastructure

S&P Approved to Enter China’s Credit Rating Market

29/01/2019

The People’s Bank of China has approved S&P Global Ratings to operate locally in its latest move to open up financial markets.

Market Infrastructure

Hong Kong Seeks Market Views on Paperless Securities Market

29/01/2019

Hong Kong is seeking industry feedback on plans to introduce new systems for a paperless securities market to enhance global competitiveness and increase market efficiency.