Securities / Derivatives

Taiwan Brokers Set to Issue Exchange Traded Notes

03/03/2018

Brokers with capital adequacy exceeding 250 percent and net value over NTD10 billion will be allowed to issue the new debt instruments.

Recent Fraud Prompts India Trade Finance Freeze

03/03/2018

RBI audit of bank liabilities forces freeze on new letters of credit; foreign lenders reluctant to accept guarantees from Indian banks.

AML / KYC

Bangladesh Bank to Introduce e-KYC for Account Opening

02/03/2018

Electronic KYC will include digital forms and thumbprint verification; bank can access national identity card database for further verification.

Securities / Derivatives

India Eases Foreign Investor Limits on Interest Rate Futures

02/03/2018

Aggregate long positions for all FPIs will be up to INR50 billion across any interest rate futures instrument.

Fintech / Regtech

Australia to Develop Fintech Code of Conduct

02/03/2018

The code of conduct will cover transparency and disclosure for fintech balance sheet lenders offering unsecured business loans.

Market Infrastructure

China Levels Playing Field for Foreign Banks

01/03/2018

Pre-approvals no longer required for wealth management, custody services; procedures simplified for branch opening, executive appointments, bond issuance.

Enforcement

Hong Kong SFC to Focus on Corporate Fraud in 2018

27/02/2018

SFC’s recent newsletter on enforcement priorities details concern on false financial statements, IPO fraud and other sponsor failures.

Securities / Derivatives

China Stalls Launch of Registration Based IPO System

26/02/2018

Initially set for implementation this week, the market-oriented approach to listings will be pushed forward two years.

Securities / Derivatives

CFTC Extends Shanghai Clearing House No-Action Relief

26/02/2018

Shanghai Clearing House is permitted to clear certain swaps subject to mandatory clearing in China for the proprietary trades of its clearing members that are US persons.