Securities / Derivatives

IOSCO Issues Corporate Bond Transparency Recommendations

07/04/2018

Better access to information will aid regulator functions, enhance cross-border information sharing, enable better informed investment decisions, boost market liquidity.

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.