Enforcement

CBIRC, SFC to Cooperate on Cross Border Supervision

11/06/2018

New MoU to facilitate information exchange in the interest of investor protection, promoting competence and integrity of regulated entities, market and financial integrity, and maintaining financial stability.

AML / KYC

ASIFMA Publishes AML/KYC Best Practice Paper

11/06/2018

Industry group focuses on nine AML/KYC areas, largely drawn from industry consensus of best practices currently applied by members in Hong Kong and Singapore.

Enforcement

S. Korea Regulator Probes Goldman Sachs for Short-Selling Settlement Failures

11/06/2018

Goldman Sachs Seoul branch unable to buy back stock which it had sold short, indicating borrowed stocks were not in its possession at the time of short selling.

Market Infrastructure

PBOC Develops Blockchain System to Digitise Paper Checks

07/06/2018

Central bank to reduce fraud by tokenising checks with blockchain and having operations conducted by smart contracts; new system will remove manual cross-checking process, shorten transaction times to about 3 seconds.

Market Infrastructure

ISDA Seeks Feedback on Common Domain Model for Derivatives

07/06/2018

First digital version of the ISDA CDM covers interest rate and credit derivatives products; aims for efficiency, interoperability, reduced complexity in derivatives market.

Capital / Liquidity

FSB Seeks Feedback on TLAC Implementation, Adequacy

07/06/2018

Review focused on regulatory adoption, cross-border aspects of implementation, overall progress towards meeting TLAC requirements, instruments issuance and distribution, among others.

Market Infrastructure

S. Korean Banks Create Self-Regulating Hiring Guidelines

07/06/2018

Guidelines will reintroduce written exams, involve outside experts in screening and interviews, adopt “blind recruitment” to prevent discrimination, and abolish recommendation-based hiring.

Capital / Liquidity

FSB Consults on Third Peer Review on Bank Resolution

06/06/2018

Focus on D-SIBs and other banks that could be systemic in failure and are included in resolution planning at a jurisdictional level; feedback sought by 4 July.

Market Infrastructure

New Zealand Publishes Revised Code of Banking Practice

04/06/2018

New code promises fair treatment, clear communication, customer privacy, responsible lending, effective complaints handling.