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.

Enforcement

Australian Banks Agree New Code of Conduct

20/12/2017

Code of conduct, which is awaiting approval by ASIC is legally binding in contracts with consumers, bans unsolicited credit card limit increases.

Thailand, Philippines Forge Agreement on Banking Supervision

19/12/2017

Central banks commit to fostering information exchange and cooperation in areas of licensing, on-site examinations, supervisory colleges, crisis management.

Capital / Liquidity

HK SFC Proposes Raising Capital Required by Fund Managers

19/12/2017

Consultation covers raising of minimum capital requirement to HKD10 million, introduction of derivatives use by public funds with enhanced safeguards.