AML / KYC

Taiwan to Ease AML Requirements for Low Risk Clients

03/01/2019

The majority of banks’ clients pose low money laundering risks, and should not be subject to the same level of scrutiny as high risk clients, said FSC chairman Wellington Koo.

Securities / Derivatives

SEBI to Phase-In Physical Settlement of Equity Derivatives

02/01/2019

India’s securities regulator will introduce mandatory physical settlement of equity derivatives in a phased approach starting April 2019.

Market Infrastructure

Regional Lenders Should Avoid ‘Blind Expansion’, says CBIRC

02/01/2019

New guidelines from China’s banking regulator will require small- and medium-sized financial institutions to apply for a licence to operate outside their home provinces.

Securities / Derivatives

Taiwan Raises Chinese Equities Investment Limit for Offshore Funds

02/01/2019

FSC loosens restrictions on investment in Chinese equities in response to proposed increase of China weighting in MSCI emerging markets index.

Capital / Liquidity

UPDATED – RBI Allows Lenders One-Time Restructuring of MSME Loans

01/01/2019

Banks and NBFCs will be allowed to restructure defaulted loans not yet classified as NPAs, provided the borrower has aggregate exposures less than $3.6mn.

Market Infrastructure

S. Korea Designates 11 Banks as Won-Yuan Liquidity Providers

01/01/2019

The banks selected by South Korea’s central bank include 6 domestic institutions and 5 foreign institutions with local branches.

Securities / Derivatives

Chinese Bourses Limit Stock Suspensions to 10 Trading Days

01/01/2019

The 10 day limit for stock suspensions compares to three months allowed previously for major asset restructurings, and up to five or six months in other cases.

Fintech / Regtech

Philippines SEC Extends Consultation on ICO Rules

31/12/2018

The second round of public consultation is open until 15 January, after stakeholders asked for more time to study the draft rules.

Fintech / Regtech

BNM Issues Policy Document Targeting Outsourcing Risk at FIs

31/12/2018

Malaysia’s central bank has raised expectations on the board and senior management to ensure effective oversight and governance of outsourcing arrangements.