Structural Regulation

Singapore and China Regulators to Increase Mutual Market Supervision

06/11/2017

Regulators will develop framework for supervising fund managers, share information and staff amid increasing capital market ties.

Credit Risk

India to Require Biggest Corporate Borrowers to Use LEIs

06/11/2017

Corporate borrowers which do not satisfy LEI requirement will not be allowed any more credit amid continued efforts to clean up bad debt.

Liquidity Risk

IOSCO Affirms China, Japan have Completed Framework for MMF Reform

06/11/2017

China has implemented rules governing money market fund valuations, liquidity and stable net asset value since last report.

Anti-Money Laundering

China to Clampdown on Money Laundering via Property Market

06/11/2017

**Developers to conduct due diligence checks on sources of funding, buyers must use their own accounts to make property purchases in AML drive.
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Conduct, Culture & Accountability

Hong Kong Sets out Internal Audit Requirements for Authorised Institutions

02/11/2017

HKMA says audit functions must be separate from risk and compliance; will only allow outsourcing ‘under very limited circumstances’.

Anti-Bribery & Corruption

1MDB Saga Rumbles on in Singapore with Bans for Ex-Maybank, NRA Capital Staff

02/11/2017

Individuals banned for six years after conviction for 1MDB-related bribe; former representative of BSI Bank faces lifetime ban.

Conduct, Culture & Accountability

HK SFC Launches Thematic Review of Prime Brokerage, Equity Derivatives

01/11/2017

Regulator says prime brokerage a growing revenue stream for institutions as Hong Kong’s asset management, hedge fund sectors expand.

Emerging Prudential Risks

PBOC Targets ‘Shadow Financing’ by Tech Firms

01/11/2017

Central bank says many firms representing as technology providers are in fact providing finance for clients who can’t access conventional resources.

Cryptocurrency

Indonesia, Vietnam Join Virtual Currency Clampdown

30/10/2017

Indonesian central bank says ‘financial innovation’ requires pre-approval; State Bank of Vietnam to pass law outlawing virtual currencies next year.