Fintech / Regtech

Slim Chance of China Making Bitcoin a Currency, PBOC Adviser Says

11/07/2017

Sheng Songcheng says bitcoin lacks ‘fundamental attributes’, but advocates government-derived virtual currency as Beijing-based institute researches blockchain and related financial technologies.

Market Infrastructure

Malaysia Introduces Capital Market Competency Guidelines

10/07/2017

Malaysian regulators aim to improve the competitiveness of the domestic capital markets by enhancing the soft and hard skills and professional ability of local banking executives.

Capital / Liquidity

HK Beats Singapore to Resolution Regime

10/07/2017

HKMA narrowly outpaces Singapore rival to enacting regime; becomes lead resolution body with responsibility for securities and insurance as well as banking.

Enforcement

China Regulators Target ‘Rat’ Traders

10/07/2017

Ministry of Public Security says it has uncovered 80 cases of the form of insider trading since 2014. CSRC to use big data as it continues crackdown.

Capital / Liquidity

Australian Bank Reacts to Regulatory Clampdown on Consumer Debt

07/07/2017

Move by banking unit of country’s largest financial group to stop mortgages being used for personal use expected to be followed by other lenders.

AML / KYC

US Regulators Flex Muscles in Asia

06/07/2017

Grip could be set to get even tighter if DOJ proposals on accessing documents, expanding AML predicates are implemented.

Capital / Liquidity

MAS Takes Next Step Towards Increased Powers

06/07/2017

Bill would allow regulator to compel firms to prepare recovery plans, enforce mandatory bail-ins for failing institutions.

Capital / Liquidity

New BSP Chief Eyes Cut to One of World’s Highest RRRs

06/07/2017

Philippine banks currently have to keep 20% in reserve; liquidity requirements were eased earlier this year.

Securities / Derivatives

ASIC – No Plans for Research Unbundling

06/07/2017

Regulator issues consultation on conflicts of interest, non-public information in sell-side research.