Structural Regulation

RBI Calls for Regulation of “Disruptive” Financial Innovation

28/08/2015

RBI Deputy Governor SS Mundra is calling for tighter regulatory frameworks around peer-to-peer (P2P) lending, internet-only banks, crowd funding platforms and cryptocurrency.

KYC & CDD

China Probes Major Brokerages for Client Rules Violations

28/08/2015

The China Securities Regulatory Commission has launched an investigation into some of China’s largest brokerages for suspected rule violations.

Trading & Investment

Regulator Asks Philippine Stock Exchange to Explain Outages

27/08/2015

The Securities and Exchange Commission has asked the Philippine Stock Exchange to explain trading outages that halted all floor trading three times over a span of seven days in August.

KYC & CDD

Nepal Investment Bank joins SWIFT’s KYC Registry

27/08/2015

Pioneering bank in Nepal to join The KYC Registry allowing the proactive sharing of information with correspondent banks.

Capital Adequacy

Economic Pressure May Force Indonesia’s Banks to Boost Capital

27/08/2015

OJK warns banking industry of increase in capital if financial health at risk due to devaluation of rupiah.

Anti-Money Laundering

China Cracks Down on Illegal Overseas Funds Transfers

27/08/2015

Chinese police have launched a nationwide campaign against underground banks to curb money laundering and illegal funds transfers that occur outside approved banking channels.

Market Abuse

MAS Seeks to Strengthen Enforcement Regime

26/08/2015

The Monetary Authority of Singapore has proposed new rules aimed at strengthening the effectiveness of its enforcement regime in deterring market misconduct.

Trading & Investment

Taiwan to Use Rescue Fund to Stabilise Market

26/08/2015

Taiwan’s government gives green light to use NT$500 billion fund to stabilise stock market.

Liquidity Risk

China Considers Removing Loan-to-Deposit Cap

26/08/2015

China’s cabinet is currently deliberating a draft law to remove the 75 percent loan-to-deposit cap on bank lending.