Securities / Derivatives

SEBI Requires Physical Settlement of Equity Derivatives

19/04/2018

Regulator issues enhanced eligibility criteria for equities to enter the derivatives segment, physical settlement for derivatives not meeting criteria.

AML / KYC

Philippines Targets Retail Finance Digitalisation

19/04/2018

BSP governor laid out the central bank’s regulatory priorities in fintech and regtech while revealing regulation around AML/KYC requirements and mitigating the risks surrounding data security.

Fintech / Regtech

Singapore Moves Towards Open Banking Without Regulatory Mandate

16/04/2018

MAS chief data officer says data sharing between financial firms will happen “organically” without need for regulatory mandate; may release guidelines on ethical data practices.

Capital / Liquidity

Indian Banks Face “Serious Governance and Risk Issues” – S&P

16/04/2018

In light of recent NPA and governance issues at large private banks in India, S&P says Indian banks need an overhaul to enhance risk culture and governance.

Capital / Liquidity

RBI Fines IDBI Bank for Bad Loan Provisioning Failures

13/04/2018

RBI fines state-owned lender IDBI Bank INR30 million for non-compliance with bad loan recognition and provisioning norms; ruling will not have a material impact on the bank, said IDBI.

Market Infrastructure

Exempt Post-trade Risk Reduction Services from EMIR Clearing Obligations – ISDA

12/04/2018

ISDA white paper touts compression and counterpart rebalancing as “crucial” post-trade risk management tools that should be exempt from clearing obligations under EMIR.

Market Infrastructure

China to Introduce National Financial Database in Fight Against Systemic Risk

12/04/2018

China looking to build a national database of financial products and institutions in order to improve monitoring and supervision and fend off systemic financial risk.

Market Infrastructure

India to Level Playing Field Through ‘Managed Co-location Services’

12/04/2018

SEBI asks exchanges to provide technical know-how and expertise to small traders that buy their co-location services in order to level the playing field among exchange members.

AML / KYC

India Issues New Beneficial Ownership, KYC Norms for Foreign Investors

12/04/2018

Indian securities regulator specifies a narrow definition and identification of beneficial ownership for foreign investors into India and establishes new KYC norms.