Credit Risk

PBOC Asks Banks to Rein in Pre-CNY Lending

14/02/2018

New loans for January totaled CNY2.9 trillion, exceeding estimates and the previous record.

Payments & Settlements

MAS Consults on E-Payment Guidelines

14/02/2018

The guidelines set standards on financial institutions providing e-payment services and their users.

Trading & Investment

China Urges Major Shareholders, Mutual Funds to Buy Equities

13/02/2018

Major shareholders encouraged to buy more shares to stabilise the market and protect investors; mutual funds should avoid being net sellers.

Structural Regulation

Industry Initiative Set to Streamline MAS 610 Compliance

12/02/2018

AxiomSL-led initative will define open taxonomy and standardise interpretations for the revised MAS 610 reporting mandate.

Structural Regulation

Indian Exchanges Suspend Overseas Index Trading

12/02/2018

BSE, NSE, MSEI to stop issuing market data licenses to foreign exchanges in a bid to halt migration of liquidity from India.

Anti-Money Laundering

IMF, ADB, Aus, NZ Seek Lower Cost Remittances for the Pacific

11/02/2018

Possible solutions include enhancing AML/CFT controls at banks, promoting best practices at money transfer operators, improving information sharing by supervisory authorities.

Anti-Money Laundering

Australia to Crack Down on Tax Avoidance by Multinationals

10/02/2018

Consultations relate to implementation of multilateral which will modify existing bilateral tax treaties, closing loopholes used by multinationals to avoid taxation.

Supervision & Enforcement

China ‘Techfins’ Alibaba, Tencent Fined for Forex Breaches

10/02/2018

Financial units of Alibaba and Tencent fined for offences including failure to file reports on forex payments by non-residents.

Supervision & Enforcement

Credit Suisse Hong Kong Fined $5mn

10/02/2018

Regulatory breaches include failures related to segregation of client securities, reporting of transaction, noncompliance with short selling requirements, unsuitability of investment products sold to clients.