Securities / Derivatives

SEBI Raises Outbound Investment Limit For Some Investment Funds

05/07/2018

Limit for alternative investment funds and venture capital funds for investments outside of India raised to $750m from $500m.

Market Infrastructure

Hong Kong Updates Counterparty Credit Risk Management Framework

05/07/2018

The HKMA has revised its counterparty credit risk management regulation to incorporate international regulations; expanding its supervisory coverage to include CVA and central clearing

Market Infrastructure

India’s NSE Signs Post-Trade Technology Sharing Pact With Nasdaq

04/07/2018

The National Stock Exchange will replace its current post trade platform for all asset classes with Nasdaq’s real-time clearing, risk management and settlement technology, among other cooperative agreements.

Securities / Derivatives

TAIFEX Launches Crude Oil Futures

04/07/2018

Crude oil futures started trading on 2 July following an agreement with ICE Futures Europe; contracts denominated in NTD are targeted towards retail investors.

AML / KYC

CBA Faces Investor Class Action

04/07/2018

The Commonwealth Bank of Australia is being sued by a class of investors backed by large institutional investors in Australia, Europe and North America for disclosure failures that artificially inflated the bank’s share price.

Enforcement

Former Vietnamese Central Banker Sentenced To Three Year Jail Term

04/07/2018

Former SBV deputy governor received a three year jail sentence for his role in a mismanagement and loan underwriting scandal that led to losses of $655 million at Vietnam Construction Bank

Big Picture

China Shadow Bank Risk On The Decline – Moody’s

02/07/2018

Chinese banks are returning to conventional lending and away from shadow banking activities according to banking statistics released by Chinese regulators, says Moody’s Investors Services.

Capital / Liquidity

India’s IDBI Bank to Receive Lifeline from State-run Insurer

02/07/2018

India’s insurance regulator has approved the acquisition of a 51% stake in IDBI Bank by Life Insurance Corp, in a deal worth $1.9bn; The bank had more than a quarter of its loan book marked as non-performing at March 2018.

Enforcement

India Cracks Down on Bank Auditors

02/07/2018

RBI has introduced a framework to define lapses in bank auditor conduct and reporting as well as enforcement action to be taken as a result of such lapses.