Structural Regulation

Nepal Draft Law Over Provincial Regulator Draws Criticism

24/07/2015

Nepal’s new draft law that will put financial institutions under the regulatory jurisdiction of provincial governments is drawing criticism from bankers, regulators and economists, including the central bank itself.

Anti-Money Laundering

U.S. Orders Major China Bank to Enhance Anti-Money Laundering Controls

23/07/2015

The Federal Reserve Board has announced an enforcement action against one of the biggest banks in China, ordering it to restructure its anti-money laundering compliance program.

Trading & Investment

Thailand Eases Process for Issuance of Debt Securities

22/07/2015

Thailand’s Securities and Exchange Commission has announced it will make debt securities offerings more convenient and less time-consuming for issuers, in line with international practices.

KYC & CDD

Vietnamese Bank Joins SWIFT’s KYC Registry

21/07/2015

SWIFT has announced that Vietnam Bank for Agriculture and Rural Development has joined the Know Your Customer Registry.

Structural Regulation

China to Grant Broker Licenses to Banks in Pilot Programme

21/07/2015

China may grant commercial banks stock broker licenses in a pilot programme allowing mainland lenders to conduct mixed business.

Capital Adequacy

SFC Consults on Proposes Changes to Financial Resources Rules

21/07/2015

The Securities and Futures Commission has released a consultation paper on proposed changes to the Securities and Futures (Financial Resources) Rules relating to capital and other prudential requirements for licensed corporations engaged in over-the-counter derivatives activity.

Capital Adequacy

Aussie Banks Required to Hold More Capital against Mortgages

21/07/2015

The Australian Prudential Regulation Authority has increased the average risk weights for Australian residential mortgage exposures from 16 percent to 25 percent.

Structural Regulation

China Announces Guidelines for Internet Finance

21/07/2015

China has issued stricter guidelines to regulate Internet finance, calling for enhanced supervision of the sector while also pledging to support its development.

Anti-Money Laundering

Singapore Regulator Reiterates Commitment Against Money Laundering and Terrorism Financing

20/07/2015

The Monetary Authority of Singapore has outlined Singapore’s anti-money laundering regime, reiterating its commitment to safeguarding its financial system.