Fintech / Regtech

MAS Guidance on AI, Data Analytics In The Works

04/04/2018

Key financial industry stakeholders to co-create guide setting out key principles, best practices to strengthen governance, reduce data misuse risks.

Capital / Liquidity

BCBS Publishes Study on Early Supervisory Intervention Practices

03/04/2018

Intervention action should be taken to correct unsafe or unsound banking practices before rules and buffers are materially breached.

Market Infrastructure

Japan Exchange Group to Sell SGX Stake Over Three Years

03/04/2018

JPX to sell stake due to governance code requirements to explain strategic holdings, but says cooperation will continue.

Securities / Derivatives

China Launches Depository Receipt Pilot

31/03/2018

Overseas-listed tech firms with market cap over 200 billion yuan can issue CDRs; unlisted firms valued over 20 billion yuan to be considered for domestic listings.

Enforcement

Chinese Government Approves WMP Clampdown

30/03/2018

New rules to reduce leverage, ban guarantees; financial court to be set up in Shanghai will jurisdiction over major legal cases.

Market Infrastructure

PBOC Pilots Phase Two Interbank Payment System

30/03/2018

The second phase of CIPS will pilot at ten banks covering cross-border yuan clearing and settlement for all time zones.

Capital / Liquidity

Indonesian D-SIBs Ordered to Boost Capital

29/03/2018

Regulator has imposed a Tier 1 capital surcharge between 1 and 3.5 percent on the country’s systemically important banks.

Capital / Liquidity

Malaysia to Make Specialist Compliance, Risk Management Qualifications Compulsory

29/03/2018

BNM to introduce code of conduct for senior FI personnel, regulatory standards to govern banks’ increased outsourcing of functions.

Securities / Derivatives

Australia Introduces Funds Passport Legislation

29/03/2018

Implementation of Asia Region Funds Passport to be complemented by a new corporate structure vehicle to export to investors in Asia.