Securities / Derivatives

ASIC Updates Client Money Guidance as New Restrictions Take Effect

06/04/2018

Licensees may not use OTC derivative client money for own obligations, working capital; new reporting requirements to increase transparency on client money use.

Market Infrastructure

FSS Confirms Former Chief’s Role in Hana Bank Hiring Scandal

06/04/2018

Hana Financial Group chairman and KEB Hana Bank president also tied to illegal hiring of 32 employees in 2013.

Market Infrastructure

Executive Remuneration Practices Need Improvement – APRA

05/04/2018

APRA review of executive remuneration frameworks at twelve financial institutions found remuneration structures do not encourage behaviour focused on risk management or long-term financial soundness.

Enforcement

China Launches Crackdown on Unlicensed Online Asset Managers

05/04/2018

Chinese authorities step up focus on the online asset management industry to clean up unlicensed firms.

Fintech / Regtech

Philippines to Strengthen Supervision Through Regtech

05/04/2018

BSP to adopt regtech solutions including API for electronic data submissions by FIs, chatbot for complaints to the regulator.

Securities / Derivatives

Foreign Hedge Funds Regain Access to Chinese Investors

04/04/2018

FT reports a revival of QDLP programme, allowing wealthier Chinese to invest in foreign-focused private equity and hedge funds.

Fintech / Regtech

MAS Guidance on AI, Data Analytics In The Works

04/04/2018

Key financial industry stakeholders to co-create guide setting out key principles, best practices to strengthen governance, reduce data misuse risks.

Capital / Liquidity

BCBS Publishes Study on Early Supervisory Intervention Practices

03/04/2018

Intervention action should be taken to correct unsafe or unsound banking practices before rules and buffers are materially breached.

Market Infrastructure

Japan Exchange Group to Sell SGX Stake Over Three Years

03/04/2018

JPX to sell stake due to governance code requirements to explain strategic holdings, but says cooperation will continue.