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.

Securities / Derivatives

Bangladesh to Introduce Alternative Trading Board

21/07/2018

Officials say any equity, corporate bond, derivative or open-end mutual fund can be traded on the new platform, with no capital or disclosure requirements.

Securities / Derivatives

China Bourses Agree on Plan to Allow Trading in HK-Listed Dual Class Shares

19/07/2018

HKEX, SSE, SZSE to set up joint working group to formulate supplementary rules for including dual class shares in Stock Connect southbound trading, following ‘special stability trading period’.

AML / KYC

SFC Goes Live with Amended Professional Investor Rules

19/07/2018

Holding companies of existing qualified professional investors will gain status as professional investors; intermediaries must obtain confirmation that their shareholders are notified of the change.

Market Infrastructure

SEBI Proposes New Rules for Auditors, Other Fiduciaries

19/07/2018

Under the new proposals, fiduciaries providing false information in audit or valuation reports will face stringent penalties, including bans from securities markets and forced repayment of any gains deemed unlawful.