Crypto / Digital Assets

UPDATED – Japan FSA Considers Approving Crypto ETFs

08/01/2019

The FSA is gauging industry interest in crypto ETFs, following its release of a new draft framework for the sector that could become law in 2020.

Enforcement

China Securities Regulator Breaks Record with 2018 Penalties

08/01/2019

The CSRC imposed fines of over $1.55bn in 2018, with the largest number of cases relating to insider trading, illegal disclosures and market manipulation.

Market Infrastructure

Hong Kong Lawmakers Push for Consumer Data Protections – Report

08/01/2019

Lawmakers are pushing for greater oversight of credit reference agencies following the discovery of security loopholes in TransUnion’s online service for credit reports.

Capital / Liquidity

PBOC Expected to Allow Banks More Flexibility in Setting Rates – Report

08/01/2019

The central bank is expected to allow financial institutions greater flexibility in setting interest rates for loans and deposits in the year ahead.

Market Infrastructure

Taiwan to Introduce Automatic Approval for Foreign Investments

08/01/2019

Pre-approval will mean that  most ordinary mergers and acquisitions, and start-ups originating from abroad will need to be reported only after the fact.

Fintech / Regtech

Malaysia Issues Policy Standards for Open Data APIs

08/01/2019

A new central bank policy document outlines recommendations for financial institutions developing and publishing Open Data APIs.

Securities / Derivatives

SEBI Instructs Brokers, Depository Participants to Report on AI, ML Systems

07/01/2019

Stock brokers and depository participants will have to report information on systems based on artificial intelligence and machine learning.

Capital / Liquidity

PBOC Announces First Reserve Requirement Cut of 2019

07/01/2019

A 100 basis point RRR cut will be implemented in two phases this month, releasing $218bn of liquidity into the banking system.

Market Infrastructure

UPDATED – Losses from Bank Fraud Up 72 Percent – RBI

07/01/2019

According to RBI data, the higher losses are in large part due to increasing cybercrime as well as the Punjab National Bank scandal in February 2018.