Market Infrastructure

India Overhauls Credit Rating Agency, Fund Sponsor Regulations

02/01/2018

Securities regulator increases net worth requirement for agencies, requires separate legal entities for ‘non-core business’.

Capital / Liquidity

HSBC, StanChart Only HK Stocks to Fall Under MiFIR

29/12/2017

Only two Hong Kong-listed stocks have sufficient EU volume to comply with MiFIR trading obligations.

Fintech / Regtech

Foreign Vendors Dominate Bangladesh Banking Tech

27/12/2017

Although foreign software costs more and regulatory change cannot be adopted instantly, banks prefer them for their functionality and flexibility.

India Public Sector Banks Vulnerable: IMF

26/12/2017

Greater RBI oversight and restructuring needed in addition to recapitalisation; High NPAs and problematic corporate balance sheets also pose challenges.

Philippines Issues New Guidelines on Bank Stress Tests

26/12/2017

Central bank gives financial institutions two years to meet new risk management expectations.

Capital / Liquidity

China, Japan to Cooperate on Audit Oversight, Cross-Border Bonds

26/12/2017

The agreement will strengthen cross-border investor protection and assist financial institutions with cross-border bond issuance.

Philippines Scraps Approval Rules on Private Sector FX Loans

26/12/2017

Loans not guaranteed by public sector entity now only need to be registered; Documentary requirements relaxed.

Market Infrastructure

SEBI Seeks to Establish Clearinghouse Interoperability

24/12/2017

Connectivity between clearing corporations may help reduce clearing and compliance costs, boost capital allocation efficiency and enhance obligation nettings benefits.

Capital / Liquidity

ESMA Gives Investment Firms, Issuers More Time on LEIs

21/12/2017

Six months forbearance to be allowed for obtaining LEI codes from clients, non-EU issuers of financial instruments.