AML / KYC

Australia, Indonesia, Malaysia to Hold CTF Summit

16/11/2017

Summit to include ‘codeathon’, with 80 participants demonstrating new digital tools and ideas to address the challenge of terrorist financing.

AML / KYC

MAS MD Sets out Fintech Regulation Agenda

16/11/2017

Ravi Menon sets out raft of initiatives including new Payment Services Bill, technology risk management guidelines, machine readable forms.

Market Infrastructure

China to Allow More Foreign Investment in Banks, Majority Stakes in Brokerages

13/11/2017

Move follows introduction earlier this year of licensing system for foreign asset managers to set up private funds in China.

Enforcement

Australian Banks’ Rate Rigging Settlement Confirmed

13/11/2017

ANZ and NAB will pay a total of $76mn for attempting to manipulate Bank Bill Swap Rate; Westpac Banking still fighting claims.

Securities / Derivatives

China Internet Finance Association Warns on Illegal Leveraged Trading

13/11/2017

Trade body says no online forex, precious metal, futures or index-based leveraged trading has yet been approved by national regulators.

Crypto / Digital Assets

Singapore, Malaysia Take More Open Stances on Cryptocurrency

09/11/2017

MAS executive director says ICOs could be an example for securities markets; Malaysia to consider secondary market for digital assets.

Capital / Liquidity

Australia to Loosen Fundraising Rules for Mutuals in Bid to Boost Competition

09/11/2017

Credit unions, building societies will be able to raise funds without having to forego their status as customer-owned entities.

Market Infrastructure

China Playing Catch-up on Hedge Fund Data Sharing – IOSCO

09/11/2017

Although China has set up supervisory mechanisms, it has not yet established an information sharing mechanism to help establish global systemic risk.

Market Infrastructure

China to Make New Moves to Increase Foreign Participation in Financial Markets

09/11/2017

Wu Qing, chairman of Shanghai Stock Exchange, calls for greater liberalisation; PBOC official  says to consider lowering access thresholds.