KYC & CDD

Making KYC Accessible for Smaller Banks

26/03/2015

SWIFT has introduced a free-to-use utility that will help smaller institutions achieve compliance and reduce the cost and problems of procedures.

Clearing & Post-Trade

DTCC Urges Action Ahead of Next OTC Reporting Phase

25/03/2015

The Depository Trust & Clearing Corporation (DTCC) has urged institutions to stay ahead of reporting deadlines under the next phase of Australia’s derivatives market reporting rules, which will be implemented next month.

Structural Regulation

IOSCO’s New Code to Boost Transparency in Credit Ratings

25/03/2015

Credit rating agencies are adopting a new code of conduct that should enhance transparency and promote the integrity of the credit rating process.

Structural Regulation

PBOC Plans to Relax RMB Capital Controls, Seeks SDR Inclusion

23/03/2015

People’s Bank of China governor Zhou Xiaochuan has vowed to further liberalize capital account controls this year in an apparent bid to convince the International Monetary Fund to recognize the renminbi as an international reserve currency.

Trading & Investment

China Allows Trade of New Index Futures in April

22/03/2015

China has allowed trade of two new types of stock index futures on the China Financial Futures Exchange (CFFEX) next month.

Market Risk

New Rules for OTC Derivatives Pushed Back to September 2016

19/03/2015

International rules that will require banks to post margin on certain derivative trades have been delayed by nine months as regulators recognised the tight timeline initially given the industry to comply.

Trading & Investment

China’s SHFE to Launch Nickel, Tin Futures Trade

17/03/2015

China’s Shanghai Futures Exchange will launch nickel and tin futures trading on March 27, 2015.

Structural Regulation

ASIC Wants More Liquidity from Chinese IPO Candidates

16/03/2015

The wave of Chinese companies listing on the Australian stock exchange in the past three years, many with less than 2% free float, has raised concern on whether initial public offering (IPO) rules should require better liquidity from foreign businesses.

Cloud & Infrastructure

China Bank IT Rules Raise Concern from EU, US Groups

16/03/2015

The Chinese government policy that requires commercial banks to obtain “secure and controllable” information technology equipment potentially puts Beijing in a tough position with major trading partners, the Financial Times reported.