Clearing & Post-Trade

CFTC Extends Shanghai Clearing House No-Action Relief

26/02/2018

Shanghai Clearing House is permitted to clear certain swaps subject to mandatory clearing in China for the proprietary trades of its clearing members that are US persons.

Supervision & Enforcement

Indian Court Urges End to Auditor ‘Self Regulation’

26/02/2018

Supreme Court says auditors lack adequate oversight, have breached central bank and foreign direct investment rules and Chartered Accountants Act.

Credit Risk

China Launches Online Credit Scoring Service

25/02/2018

Baihang Credit Scoring granted three-year licence to provide personal credit information services online.

Trading & Investment

China Stops Publishing Volatility Index Data

24/02/2018

The move was designed to curb options market activity and discourage speculation amid recent volatility, says Bloomberg.

Trading & Investment

IOSCO Issues Guidance on Conflicts of Interest in Equity Offerings

24/02/2018

Recommendations developed by group of regulators including ASIC, Hong Kong’s SFC and Japan’s FSA.

Clearing & Post-Trade

India Allows Cash as Collateral for GIFT City Trading

23/02/2018

Foreign securities and gold also eligible, but cash and cash equivalents will need to form 50 percent of total liquid assets at all times.

Trading & Investment

Indian Exchanges to Launch Cross-Currency Derivatives

22/02/2018

BSE and NSE can launch cross-currency futures and options in the euro, pound and yen, against the dollar and rupee.

KYC & CDD

Indonesian Banks Start AEOI Registration to Report Customer Data

22/02/2018

Indonesian banks, regulators and financial infrastructure firms invited to register with the tax office under AEOI norms.

Trading & Investment

Singapore to Shift OTC Derivatives to Organised Markets

22/02/2018

The trading obligations would apply to banks with gross notional outstanding OTC derivatives exceeding SGD20 billion.