Anti-Money Laundering

HK Regulator, Police, Banks Set up Financial Crime Taskforce

28/05/2017

12-month pilot to work on ‘detection, prevention and disruption’; HKMA also joins Financial Security Expert Alliance with PBOC, Macau central bank.

KYC & CDD

Indonesia Ends Banking Secrecy

18/05/2017

Tax authorities can now access accounts held by Indonesian citizens and foreigners.

Cybersecurity

HK SFC Launches Broker Cybersecurity Consultation

09/05/2017

Cybercrime rapidly becoming a top priority of Asia Pacific regulators.

Clearing & Post-Trade

ESMA to Cooperate with New Zealand Regulators on CCPs

20/04/2017

MoU recognises New Zealand’s CCPs as able to provide clearing to EU clearing members, trading venues.

Credit Risk

Australia Cracks Down on Interest-Only Loans

03/04/2017

ASIC and APRA separately announce measures against interest-only lending.

Supervision & Enforcement

IOSCO Enhances Cross-Border Enforcement Cooperation

03/04/2017

New powers enable members to share and obtain audit work, internet records and phone records.

Trading & Investment

Short-term Derivatives to Require FMA License

03/04/2017

Companies offering short-duration derivatives in NZ will require license from December 2017.

Payments & Settlements

Philippines to Establish Shared Clearing, Settlements System

03/04/2017

Banking industry commits to forming two automated clearing houses this year.

Payments & Settlements

China Launches Online Payment Clearinghouse

03/04/2017

New clearing platform cuts direct link between third-party payment providers and banks.