Capital / Liquidity

HK Legco to Consider Recovery Planning, Large Exposures Bill

19/10/2017

Banking Ordinance already includes resolution, but not recovery, requirements; HKMA to retain ‘general power’ on exposure limits.

Malaysia to Introduce Bank Employee Screening, Ethics Requirements

16/10/2017

Central bank moves to improve ethics within the industry, will require banks to introduce minimum conduct standards and policy.

Enforcement

India Releases Draft Rules for Electronic Trading Platforms

16/10/2017

Move comes as National Stock Exchange bids to end case of alleged unfair access via its co-location facility by offering to pay fine.

BCBS Set to Finalise Last Two Elements of Global Policy Agenda

16/10/2017

BCBS secretary general tells IMF it will publish step-in risk guidelines next month, leaving capital output floor as final element of policy agenda.

Market Infrastructure

US, Europe Agree Margin Requirement, Trading Venue ‘Comparability’

16/10/2017

Swap dealers or major market participants subject to EC margin rules can assume ‘substituted compliance’ when dealing in US.

PBOC Completes Algorithm Testing on Digital Fiat Currency

16/10/2017

Central bank leading the race to create world first amid ongoing clampdown on virtual currency exchanges and coin offerings.

AML / KYC

FIs No Longer Have to Verify Client Addresses for AML/CTF – HKMA

12/10/2017

AML/CTF regulations to be changed; banking regulator says any current absence of address verification will be seen as justified.

Securities / Derivatives

SGX to Revamp Securities Trading, Market Practice Rules

11/10/2017

Proposed market practice rules would end requirement that senior managers pre-approve staff to trade so long as customer information is protected.

AML / KYC

Hong Kong-China to Share Stock Connect Broker, Trader Names

11/10/2017

SFC chief says move will enhance market transparency and surveillance, and improve efficiency in cracking down on malpractice.