Enforcement

China Regulators Release First Half Enforcement Stats

27/07/2018

During H1 2018, CBIRC fined 798 banks and banned 175 banker as part of its crackdown on risk; meanwhile, CSRC launched 307 investigations and initiated 108 new cases.

AML / KYC

Crypto a Key Focus of FATF Report to G20

26/07/2018

FATF is actively monitoring crypto assets for AML/CTF risks and is reviewing its guidance and standards to determine if changes are needed to reflect their technical aspects.

Enforcement

Mizuho To Pay $1.25mn Fine To US SEC

26/07/2018

SEC alleged that Mizuho failed to prevent traders sharing stock buyback information pertaining to its issuer clients with each other and with hedge fund clients.

Securities / Derivatives

SFTR to Require Five Times More Reports Than Trades – DTCC

26/07/2018

New paper highlights the impact of incoming securities finance trade reporting obligations on the industry including collateral supply, liquidity and operations.

Securities / Derivatives

SEBI to Force Large Corporates to Borrow through Bonds Market

24/07/2018

New framework proposes that large corporates raise 25% of their borrowings through bonds, as regulators seek to decrease a reliance on bank financing and deepen India’s bond markets.

AML / KYC

Combating Financial Crime with Data Analytics – MAS

24/07/2018

In the year ahead, the MAS will focus on the use of data analytics as well as boosting industry collaboration in its fight against money laundering and terrorism financing.

Fintech / Regtech

China’s P2P Lending Sector Suffers Panic – Report

22/07/2018

Over 100 peer-to-peer lenders have failed so far this month, with some users turning up at operators’ offices to demand early repayment.

Capital / Liquidity

China Loan Classification Rules Start to Hit Rural Banks

22/07/2018

Rural commercial banks are experiencing credit downgrades as new loan classification rules force them to recognise souring loans as NPLs and set aside more capital against bad debt.

Enforcement

ASIC to Boost Regulatory Reporting Requirements to Deter Misconduct

22/07/2018

Deputy chair Peter Kell said ASIC wants increased volume and granularity of data reporting as it seeks to combat misconduct and improve consumer outcomes in financial services.