Structural Regulation

SEC Blocks China-linked Acquisition of Chicago Exchange

17/02/2018

US regulator says deal didn’t comply with rules governing stock exchange ownership, lacked transparency on source of funds and relationships among investors.

Capital Adequacy

Myanmar Banks Under Pressure to Rein in Overdraft Lending

16/02/2018

Banks say businesses rely on overdraft loans for working capital, particularly during economic weakness.

Conduct, Culture & Accountability

Australia Creates New Financial Complaints Body

16/02/2018

New body merges three existing complaints authorities; will streamline complaints process and quicken dispute resolution for customers.

Structural Regulation

China ‘Super Regulator’ Needs New Structure to Boost Effectiveness: PBoC Researcher

16/02/2018

FSDC should focus on horizontal coordination and supervision of regulatory agencies instead of the current vertical coordination; PBoC should have a greater supervisory role.

Credit Risk

India Toughens Bad Loan Resolution Framework

15/02/2018

New framework will force banks to reclassify stressed accounts and initiate steps towards resolution, immediately on default.

Market Abuse

Interactive Brokers HK Fined for Trading System Failures

15/02/2018

The firm’s electronic trading system repeatedly submitted orders without regard for market liquidity and without effective price and volume controls.

Credit Risk

PBOC Asks Banks to Rein in Pre-CNY Lending

14/02/2018

New loans for January totaled CNY2.9 trillion, exceeding estimates and the previous record.

Payments & Settlements

MAS Consults on E-Payment Guidelines

14/02/2018

The guidelines set standards on financial institutions providing e-payment services and their users.

Trading & Investment

China Urges Major Shareholders, Mutual Funds to Buy Equities

13/02/2018

Major shareholders encouraged to buy more shares to stabilise the market and protect investors; mutual funds should avoid being net sellers.