Market Infrastructure

China Set to Revive RQDII with New Safeguards

07/05/2018

Central bank forbids RQDII investors from exchanging the yuan for foreign currencies in offshore CNY investments.

Market Infrastructure

CCPs Failing on Risk Management, Recovery Planning – IOSCO

07/05/2018

Latest report on implementation of IOSCO’s Principles of Financial Market Infrastructures raises concerns about the speed of progress for CCPs putting in place risk management and recovery planning measures.

Capital / Liquidity

Philippines to Implement New Credit Card Law

07/05/2018

New law aims to increase competition by allowing non-bank entities to enter credit card business; includes greater safeguards for borrowers related to calculation of charges, unfair collection practices, and the use of customer data.

Market Infrastructure

ASIC Updates Financial Markets Licensing Regime

07/05/2018

New regulatory guidance will designate and license financial markets based on their risk and systemic importance to the Australian economy; changes said to incorporate technological and risk concerns.

Market Infrastructure

Indian Exchanges Seek CFTC Approval for GIFT City Derivatives

04/05/2018

NSE and BSE are looking to sell derivatives traded at GIFT City exchanges to American investors; aimed at countering competition with SGX, which is launching its own Indian equity derivatives offering in June.

Securities / Derivatives

India Lifts Ban on Foreign Investments in T-bills

04/05/2018

Central bank lifts three year residual maturity limits on foreign portfolio investment in government debt and consequently allows foreign investment into T-bills.

Enforcement

Australia Authorises New Financial Complaints Body

04/05/2018

The Australian Financial Complaints Authority, going into operation on 1 November this year, will focus on complaints by consumers and small businesses against financial firms.

Market Infrastructure

Japanese Banks Respond to HK OTC Derivatives Consultation

30/04/2018

Japanese banking association asks for 6-12 months grace for implementing LEI requirements; urges for increased incentives to encourage smaller firms to obtain LEIs.

Market Infrastructure

India Puts Funds Passporting On Hold

30/04/2018

Local press reports say SEBI is concerned about excessive foreign money into the country’s nascent mutual funds industry making it susceptible to fund volatility.