Enforcement

Scandal-Hit Chinese Drug Maker Faces CSRC Fine

17/10/2018

The CSRC’s 600,000 yuan fine on Changsheng Biotechnology for falsifying data for a rabies vaccine form a small part of the 9.1 billion yuan it will have to pay.

Capital / Liquidity

Japan Banks Face Asset Risks, but No Change in Outlook – Moody’s

17/10/2018

Japanese banks face profitability pressures and asset risks, even as liquidity and capitalisation remain robust, the ratings agency said.

Crypto / Digital Assets

Hong Kong Seeks Formal Rules for Cryptocurrency: Outgoing SFC Chief

16/10/2018

The SFC does not think a total ban on crypto platforms is the right approach and is exploring formal rules for existing operators, outgoing chairman Carlson Tong told SCMP.

Capital / Liquidity

RBI Releases Governance, Capital Criteria for CCPs

16/10/2018

Foreign CCPs need to adhere to the same governance and capital requirements as domestic CCPs to apply for authorisation from the RBI.

Capital / Liquidity

China May Increase Number of SIFIs – Report

11/10/2018

China may designate more firms as systemically important to the country’s $40 trillion financial sector. Authorities will shortlist 50 firms that potentially warrant this designation.

Market Infrastructure

Australian Bank Body Seeks an End to Fees For No Service

11/10/2018

The Australian Banking Association will change its voluntary code of practice for bankers to end ‘fees for no service’, grandfathered payments and trail commissions.

Securities / Derivatives

India Proposes New Route for Foreign Investors in Debt Markets

08/10/2018

Under the ‘Voluntary Retention Route’, FPIs will be exempt from current caps and concentration limits provided they voluntarily commit to long-term investment in Indian debt.

Capital / Liquidity

G-SIBs Meeting Minimum Capital Levels Under Basel III

05/10/2018

Basel Committee semi-annual bank monitoring report found that most banks, including all the large G-SIBs were meeting their capital requirements.

Securities / Derivatives

ASIFMA Handbook Lays Out Reform Steps for China Securitisation Market

03/10/2018

Industry body calls for streamlined securitisation framework, permanence of tax exemptions, and relaxation of rules for foreign investment into China’s ABS market.