Enforcement

RBI Consults On Market Abuse Prevention Rules

01/10/2018

The draft guidelines will ban price manipulation in any financial instrument or benchmark rate and require market participants to put in place internal policies to monitor for market abuse.

Crypto / Digital Assets

UPDATED – SBI-Ripple JV Receives E-Payments Regulatory Approval

28/09/2018

In Japan, SBI Ripple Asia’s new MoneyTap app will enable real time payments through bank accounts, phone numbers and QR codes.

AML / KYC

AUSTRAC Strengthens Cooperation with FinCEN

28/09/2018

Agencies in both countries will share information on terrorist financing and serious financial crime under a regulatory MoU.

Capital / Liquidity

India’s Regulators Attempt to Calm Credit Market Jitters

26/09/2018

RBI, SEBI and the Indian government assured markets they will step in to fill any NBFC liquidity gaps after a recent default by an infrastructure financing firm.

Fintech / Regtech

Australia Consults on Regulatory Framework for Stored Value Facilities

26/09/2018

Regulators considering a tiered approach, whereby facilities providers with larger amounts of stored value would be subjected to higher regulatory requirements.

Securities / Derivatives

China Allows Direct Stock Investment with WMP Funds

24/09/2018

The move is aimed at increasing investment into Chinese equities even as regulators take steps to reduce the risk posed by such products to bank balance sheets.

ESG / Sustainability

Hong Kong Lays Out Road Map for Green Finance Development

24/09/2018

The SFC will require better environmental and climate risk disclosures by listed companies and asset managers, and will work with HKEX to promote green financial products.

Enforcement

China Details Penalties for Bond Underwriting Kickbacks

21/09/2018

The CSRC will ban or impose penalties on firms engaging that help companies with low creditworthiness issue debt in exchange for under-the-table payments.

Securities / Derivatives

India Allows Foreign Investment In Commodity Derivatives

20/09/2018

Foreign investors with direct exposure to commodities can trade commodity derivatives in India. BSE and NSE to start offering commodity derivatives from 1 October.