Securities / Derivatives

New SEBI Committee to Rework FPI Rules

16/05/2018

New committee to rationalise foreign investment rules and remove ambiguities and gaps in the FPI regime while keeping the broad framework intact.

Securities / Derivatives

HKMA Reveals Details of Pilot Bond Grant Scheme

14/05/2018

Eligible bond issuers can apply for a grant equivalent to half of eligible issuance expenses, including for debt origination and structuring, legal, audit, sales and distribution, up to HKD2.5mn.

Securities / Derivatives

China Launches Tri-party Repos

14/05/2018

First tri-party repo transactions concluded among seven institutions on the Shanghai Stock Exchange on 9 May 2018.First tri-party repo transactions concluded among seven institutions on the Shanghai Stock Exchange on 9 May 2018.

Fintech / Regtech

Open Banking: Aussie Banks to Share Customer Data Starting in 2019

14/05/2018

The Australian government is set to mandate Open Banking, requiring banks to provide data to other service providers to help customers compare banking service costs.

Capital / Liquidity

UPDATED – RBI Freezes Lending, Hiring at Indian Banks Amid Rising NPAs

14/05/2018

Central bank imposes lending and hiring freeze on Dena Bank, a public sector bank that reported a four-fold increase in gross NPAs and negative ROA for the quarter ending March 2018.

Fintech / Regtech

Philippine Central Bank Establishes Fintech Regulatory Unit

14/05/2018

New unit established under financial supervision section as part of an organisational restructuring at the central bank.

AML / KYC

Hong Kong-based Regulatory Alliance Eyes Better Fintech Supervision

10/05/2018

Asian regulators, former central bankers and government officials establish information exchange alliance to better regulate fintech, digital payments and cryptocurrency developments in the region.

AML / KYC

Australia to Combat ‘Black Economy’ by Restricting Cash Payments

10/05/2018

Government to impose A$10,000 limit on cash payments to crack down on money laundering and tax evasion; new multi-agency taskforce to be established to facilitate information exchange.

Capital / Liquidity

Hong Kong Issues Guidelines on Technology Use in Personal Lending

10/05/2018

Banks now allowed to use big data technology and consumer behavioural analytics to assess credit risks for personal lending portfolios.