Cloud & Infrastructure

Fintech a Key Enabler for Financial Firms – DTCC

07/05/2018

Markets safer and more resilient 10 years post-GFC, but regulatory complexities and rapidly-changing risk landscapes persist as challenges to the industry.

Structural Regulation

China Issues Draft Rules for Depository Receipt Issuance

07/05/2018

Rules include requirements related to investor protection, information disclosures; Shanghai-London Stock Connect to allow cross listings of depository receipts.

Structural Regulation

China Allows Foreign Ownership Majority at Securities Firms

02/05/2018

Ceiling on foreign ownership raised from 49% to 51%, effective immediately; CSRC reviewing first application from UBS to boost stake in China-based UBS Securities.

Anti-Money Laundering

Hong Kong Publishes First AML/CTF Risk Assessment

02/05/2018

Hong Kong exposed to medium-high level of money laundering risk; ability to combat money laundering also assessed as medium-high.

Clearing & Post-Trade

ASX to Replace Post Trade Infrastructure with DLT Solution

01/05/2018

New DLT system to provide more efficient clearing, settlement and other post-trade services through improved record keeping, reduced reconciliation, more timely transactions, better quality data.

Structural Regulation

Thailand Targets Bank Mergers to Boost Regional Competitiveness

28/04/2018

BOT supports incentives for merged banks including extra deductions for corporate income tax and waivers from other tax obligations.

Conduct, Culture & Accountability

Australia, HK Suffer Lack of Trust in Financial Services – Report

27/04/2018

CFA Institute survey finds as little as 31% of investors in Australia and 35% in Hong Kong trust the financial services industry.

Credit Risk

Bank of Thailand Expands Debt Clinic Scheme for Troubled Borrowers

27/04/2018

‘Debt Clinic’ programme to pooling unsecured bad loans under Sukhumvit Asset Management will expand to an additional 50,000 borrowers.

Anti-Money Laundering

ACAMS 2018: HKMA Calls on Financial Industry in Fight Against Crime

26/04/2018

Deputy chief Arthur Yuen highlighted technological innovation, increased information sharing and the application of a risk-based approach as the key issues to implementing effective AML systems.