Market Data & Technology

CPMI, IOSCO Call for Uniformity in UPI Creation, Reporting

02/10/2017

Report proposes that each UPI maps to reference data which indirectly describes an OTCD product without identifying transaction details.

Credit Risk

India Insolvency Information Utility Granted 5-year License

02/10/2017

Bank-owned NESL wins license to operate utility which shares information on financial contracts as part of efforts to clean up bad loans.

Liquidity Risk

Malaysia Extends NSFR Implementation Deadline to 2019

02/10/2017

Central bank cites uncertainty and divergence from original 1 January 2018 deadline elsewhere, suggests NSFR of Malaysian banks already at 100%.

Market Risk

Hong Kong Belatedly Joins Singapore in Pushing Back IRRBB

28/09/2017

Implementation delayed by a year as firms say they might not have met original deadline due to having to make substantial changes to reporting systems.

Conduct, Culture & Accountability

Asia Pacific FIs Enter New Era of Accountability

28/09/2017

Australian bankers rail against short deadline for comments on BEAR, which mirrors Hong Kong’s recently introduced MiC.

Trading & Investment

Equivalence not Regulatory Harmonisation the Answer for Asian FX

28/09/2017

GFMA, KPMG report suggests the number of liquidity providers will decline; market participants can’t expect harmonised regulatory environment.

Alternative Markets

Hong Kong Considering Tax Breaks for PE Managers

28/09/2017

Government and trade bodies view PE as means of increasing support for Hong Kong Start-ups, keeping pace with Singapore and the UK.

Fraud, Scams & Cybercrime

Indonesia Targets Illegal Investment Managers, Fund Collectors

28/09/2017

Nearly 50 firms have been shut down this year for operating without a license, offering unreasonably generous repayment terms, returns.

Structural Regulation

State Media Details China’s Plans to Open up Capital Markets

28/09/2017

Global Times says domestic officials are increasingly frustrated by the slow pace of opening up and reform of capital markets.