Structural Regulation

Europe Tightens Rules on Overseas Credit Rating Endorsements

20/11/2017

Regulator says about two thirds of credit ratings used for regulatory purposes in the EU cover non-EU issuers of financial instruments.

Anti-Bribery & Corruption

Ex CITIC Securities President Jailed 3.5 Years for Corruption

16/11/2017

Caixin reports that Cheng Boming was among 11 CITIC executives detained for alleged insider trading and leaking information during 2015 market meltdown.

Anti-Money Laundering

Australia, Indonesia, Malaysia to Hold CTF Summit

16/11/2017

Summit to include ‘codeathon’, with 80 participants demonstrating new digital tools and ideas to address the challenge of terrorist financing.

Cybersecurity

MAS MD Sets out Fintech Regulation Agenda

16/11/2017

Ravi Menon sets out raft of initiatives including new Payment Services Bill, technology risk management guidelines, machine readable forms.

Structural Regulation

China to Allow More Foreign Investment in Banks, Majority Stakes in Brokerages

13/11/2017

Move follows introduction earlier this year of licensing system for foreign asset managers to set up private funds in China.

Market Abuse

Australian Banks’ Rate Rigging Settlement Confirmed

13/11/2017

ANZ and NAB will pay a total of $76mn for attempting to manipulate Bank Bill Swap Rate; Westpac Banking still fighting claims.

Trading & Investment

China Internet Finance Association Warns on Illegal Leveraged Trading

13/11/2017

Trade body says no online forex, precious metal, futures or index-based leveraged trading has yet been approved by national regulators.

Cryptocurrency

Singapore, Malaysia Take More Open Stances on Cryptocurrency

09/11/2017

MAS executive director says ICOs could be an example for securities markets; Malaysia to consider secondary market for digital assets.

Capital Adequacy

Australia to Loosen Fundraising Rules for Mutuals in Bid to Boost Competition

09/11/2017

Credit unions, building societies will be able to raise funds without having to forego their status as customer-owned entities.