AML / KYC

Lawyers Seek to Sue Bank for Share Price Drop after AML Revelations

24/08/2017

Firms claim share price would not have suffered as precipitous a decline if claims of money laundering had been revealed earlier.

Enforcement

Japan FSA to Set up Anti Cybercrime, Money Laundering Bureau

23/08/2017

Internal reorganisation acknowledges growing role of fintech, which will be regulated by FSA Planning and Coordination Bureau with enhanced powers.

Securities / Derivatives

ISDA Urges EU Not to Force Local Clearing Post Brexit

23/08/2017

Trade organisation says move to local CCPs could push up initial margin costs by 20% or more; cites Australian equivalency model.

Enforcement

Indian Brokers’ AML Compliance Under Heightened Scrutiny

20/08/2017

SEBI warned nearly 500 entities on possible money laundering over the last financial year; conducted 245 investigations into illegal stock market activity.

Capital / Liquidity

Malaysia Launches Leverage Ratio Consultation

17/08/2017

Banks will be required to calculate leverage ratios as of June 30 this year in response to consultation before full requirement comes into effect.

Securities / Derivatives

HK Auditing Brokers’ Protection of Client Assets

31/07/2017

Regulator cites weaknesses in internal account protection controls despite warnings; IOSCO report says HK due diligence to safeguard client rights […]

AML / KYC

Korea Regulator Flags Weaknesses in Foreign Banks’ AML

31/07/2017

FSS reveals details of AML audits covering banks and other financial services providers, says to impose strict sanctions against regulatory […]

Capital / Liquidity

Moody’s Gives China Banks a Boost, HK Lenders Not So Lucky

31/07/2017

Rating agency says banks in China enjoy a stable operating environment despite still-deteriorating asset quality as government policy efforts take […]

Securities / Derivatives

China Financial Futures Exchange Ups Enforcement

31/07/2017

Exchange says it addressed more than 600 ‘abnormal trades’ in 1H17 and referred nine cases to the securities regulator; keeping […]