KYC & CDD

Institutional Banks Struggle with Cross-Border Compliance and Entity Data Management

08/10/2015

New research by Fenergo and Aite Group has found that institutional banks are struggling to manage regulatory compliance and entity data management obligations across multiple jurisdictions.

Market Abuse

ASIC Reports on Market Integrity Achievements

07/10/2015

Report highlights continued investment in technology as a main factor helping it to identify complex crimes and patterns of behaviour.

Clearing & Post-Trade

Vietnam to Shorten Securities Settlement to T+2

07/10/2015

Vietnam’s State Securities Commission has directed the Vietnam Securities Depository to shorten settlement time for transactions from the current three days to two.

KYC & CDD

CPMI Consults on Correspondent Banking Recommendations

07/10/2015

Consultative report on correspondent banking to include reviewing KYC utilities, use of LEI and information sharing.

Liquidity Risk

APRA Grants $245Bn Liquidity Facility to Aussie Banks

07/10/2015

The Australian Prudential Regulation Authority has released aggregate results on the secured Committed Liquidity Facility that financial institutions have established with the Reserve Bank of Australia.

Trading & Investment

Thailand Consults on Foreign Investment Products

07/10/2015

Thailand’s Securities and Exchange Commission is seeking comment on draft rules for providing investment services in foreign currency denominated products also offered overseas.

Clearing & Post-Trade

Bangladesh Finalises Rules to Establish Clearing Corp

07/10/2015

The Bangladesh Securities and Exchange Commission has finalised draft rules to establish a separate company to perform clearing and settlement activities for both the bourses.

Credit Risk

RBI Orders Corrective Action on State-Run Bank

07/10/2015

Indian Overseas Bank is required to improve internal controls and deal with mounting non-performing assets.

Structural Regulation

Hong Kong Terminates Plan for Dual-Class Shares

06/10/2015

The Stock Exchange of Hong Kong has terminated a plan to allow dual-class shares and other weighted-voting rights structures after objection from the Securities and Futures Commission.