Structural Regulation

Taiwan Bank Approved for Consumer Finance JV in China

13/08/2015

Taiwan’s Financial Supervisory Commission has granted approval for CTBC Bank to become the first Taiwanese bank set up a consumer financing joint venture in China.

Trading & Investment

Regulatory Initiatives Responsible for Declining Bond Market Liquidity

13/08/2015

The Global Financial Markets Association and the Institute for International Finance have released a new report from PwC on the state of global debt market liquidity, urging regulators to revisit parts of the post-financial crisis supervisory framework.

Credit Risk

China Licenses More Local Governments to Operate “Bad Banks”

13/08/2015

The China Banking Regulatory Commission has granted new “bad bank” licences to the provincial governments of Ningxia and Guangxi, allowing them to buy up and restructure bad debt from the balance sheets of rural credit cooperatives and local banks.

Liquidity Risk

Certificates of Deposit Push Banks to Shift to New Norm

12/08/2015

The PBOC issued the Interim Measures for the Administration of Certificates of Deposit in June this year, an examination into the impact of the recent notice.

Trading & Investment

Direct Access to India’s Mutual Fund Houses Lowers Fees for Investors

11/08/2015

Fund houses in India are focusing on directly selling their mutual fund schemes to investors, thereby lowering fees by cutting out distributors.

Fraud, Scams & Cybercrime

HKMA Cautions Banks on Malpractice by Intermediaries and Sales Agents

10/08/2015

The Hong Kong Monetary Authority has issued a circular to banks requiring them to enhance customer protection and mitigate reputational risk arising from possible malpractices of intermediaries or sales agents.

Structural Regulation

China to Inspect Online Equity Crowdfunding Platforms

10/08/2015

The China Securities Regulatory Commission will soon begin inspecting online equity financing platforms to address risks brought by illegal activities and help the platforms better serve the real economy.

Market Data & Technology

IOSCO Seeks Greater Post-Trade Transparency for Credit Default Swaps

10/08/2015

The International Organization of Securities Commissions publishes its final report on mandatory post-trade transparency for the CDS market.

Anti-Money Laundering

India Seeks Transparency from Offshore Wealth Managers

10/08/2015

The Securities and Exchange Board of India has asked international wealth managers to register their offshore units with the regulator if they are soliciting business in India.