Enforcement

Australia Moves to Cap Banker Pay

08/02/2018

New law intended to restore trust in scandal-hit sector; executives to be held directly accountable and can be potentially banned from the industry on non-compliance.

AML / KYC

MAS Encourages Fintech Use for KYC, AML Checks

08/02/2018

Monetary Authority of Singapore says technology-based customer due diligence could increase the quality of risk management for financial institutions.

AML / KYC

Hong Kong Includes Non-Financial Entities in AML/CTF Amendments

08/02/2018

Hong Kong AML/CTF rules will apply to financial transactions by non-financial entities; SFC requires licensees to screen client lists.

Philippines to Expand List of Allowable Loan Collateral

07/02/2018

New law, currently in Congress, will expand financing to SME and agricultural sector by allowing movable collateral.

Capital / Liquidity

Hong Kong Amends Banking Rules on Recovery Planning, Large Exposure Limits

06/02/2018

New rules will bring Hong Kong bank regulatory regime in line with international standards.

Enforcement

China Fines 19 Bank Branches for $3bn Pledged Loan Fraud

05/02/2018

CBRC cracked down on banks that provided loans against low-purity gold; the regulator expressed concerns on banks’ lending and collateral management norms.

Securities / Derivatives

India’s Financial Centre to Get Unified Regulator

05/02/2018

Tax concessions and single window clearance to businesses and investors announced in annual budget by Indian government.

Enforcement

China Increases Scrutiny on Shanghai Real Estate Loans

02/02/2018

The CBRC is cracking down on misappropriation of real estate funds and speculation in the land market.

Fintech / Regtech

The Philippines to Introduce Cryptocurrency Regulation This Year

01/02/2018

New rules, expected by year end, aimed at investor protection as Philippines investigates unlicensed ICO issuers.