Capital / Liquidity

China, Japan to Cooperate on Audit Oversight, Cross-Border Bonds

26/12/2017

The agreement will strengthen cross-border investor protection and assist financial institutions with cross-border bond issuance.

Philippines Scraps Approval Rules on Private Sector FX Loans

26/12/2017

Loans not guaranteed by public sector entity now only need to be registered; Documentary requirements relaxed.

Market Infrastructure

SEBI Seeks to Establish Clearinghouse Interoperability

24/12/2017

Connectivity between clearing corporations may help reduce clearing and compliance costs, boost capital allocation efficiency and enhance obligation nettings benefits.

Capital / Liquidity

ESMA Gives Investment Firms, Issuers More Time on LEIs

21/12/2017

Six months forbearance to be allowed for obtaining LEI codes from clients, non-EU issuers of financial instruments.

Capital / Liquidity

MAS to Expand Range of Eligible Collateral to Include Commodities for IRB Banks

21/12/2017

Banks using internal ratings for credit risk under Basel guidelines will be allowed to have commodities as physical collateral.

Enforcement

HK SFC Releases 1st MiC Regime Guidance Bulletin

20/12/2017

Report warns on conflicts of interest in sales practices and asset management; notes asset management sector now has more than half of all intermediaries.

Malaysia Raises Standards for SRI Funds

20/12/2017

New guidelines introduce additional disclosure and reporting requirements for SRI-designated funds.

Fintech / Regtech

Australia FinTech Body Embraces Provisional Bank Licencing

20/12/2017

Industry body recommends increasing the deposit limit for new banking entrants, allowing more time to meet the prudential framework.

AML / KYC

Singapore Issues 7th, 8th Bans Related to 1MDB Probe

20/12/2017

Yeo Jiawei, a former BSI wealth manager, gets lifetime ban to add to his convictions for 1MDB related money laundering, cheating and witness tampering.