Structural Regulation

S. Korean May Allow Fintechs to Enter Brokerage Business

05/04/2019

The biggest barrier to entry for fintech firms will be the capital regulations imposed on existing brokerage firms.

Capital Adequacy

Japan FSA Issues Proposal to Tighten Regional Bank Oversight

04/04/2019

The FSA will stress tests regional banks and force weaker lenders to take action to improve profitability, replace their management, or merge.

Trading & Investment

Fullerton Wins Approval to Offer Investment Advisory in China

04/04/2019

Fullerton has become the first foreign fund manager to receive approval for its WFOE to conduct onshore investment advisory business in China.

Trading & Investment

China to Open Stock Index Futures to Foreign Investors

04/04/2019

Overseas investors may get access to mainland stock index futures under the QFII and RQFII programmes. No details revealed about quota arrangements.

Capital Adequacy

Malaysia Issues Draft Policy Framework for D-SIBs

04/04/2019

The draft policy framework sets out a proposed assessment methodology to identify D-SIBs in Malaysia and the applicable HLA and reporting requirements.

Credit Risk

RBI Large Exposures Framework Takes Effect

04/04/2019

The RBI has issued a notice on its large exposures framework, which is now in effect, clarifying that non-cleared derivatives will be considered outside its remit for another year.

Conduct, Culture & Accountability

Australia Budget Delivers Additional Funding for APRA, ASIC

04/04/2019

APRA and ASIC will get more than A$550mn in funding to enhance their effectiveness in addressing financial sector misconduct.

Structural Regulation

APRA Consults on Financial Sector Shareholdings Rules

03/04/2019

The proposed rules set out the matters that must be considered in determining if a person is “fit and proper” to own 20% or more in an ADI, life insurer or general insurer.

Trading & Investment

Bloomberg Begins Including China Bonds in Flagship Index

03/04/2019

The index inclusion will draw more liquidity into China’s onshore bond market and potentially spur more policy measures to further open up the market.