AML / KYC

Australian Regulator Launches CBA Inquiry

29/08/2017

APRA inquiry to look at whether governance, culture and accountability frameworks conflict with ‘sound risk management and compliance outcomes’.

Enforcement

Korea Toughens Short-selling Rules

28/08/2017

Measures are expected to sharply increase incidences of excessive short selling; new categories of offence come with heavier maximum penalty.

Capital / Liquidity

Singapore Regulator Issues Resolution Regime

24/08/2017

Resolution regime includes four stage assessment criteria for financial institutions, emphasises private sector role; to be operationalised ‘in due course’.

Market Infrastructure

Cybercrime Threatening Market Integrity – ASIC

23/08/2017

Australian regulator says market integrity will be a top priority over the next six months amid a surge in related misconduct issues.

Capital / Liquidity

S.Korea Eyes Deregulation to Encourage Banking Competition

23/08/2017

FSC to come up with deregulation plan by end-of year; wants more challengers to financial sector incumbents after approval of internet-only banks.

Fintech / Regtech

Philippines Central Bank to Embrace Regtech

21/08/2017

Regtech to include API for FIs’ reporting; BSP to push financial services firms to improve cyberdefences; two bitcoin exchanges get regulatory approval.

AML / KYC

Australia Signals Currency Status, AML Clampdown for Bitcoin

21/08/2017

Cryptocurrency to be brought under AUSTRAC; proposal to follow Japan in giving bitcoin legal tender status being considered by central bank.

Capital / Liquidity

China Financial Regulation Needs to be Stronger Still – IMF

17/08/2017

IMF praises measures such as inclusion of WMPs in bank assessments but cites concerns about growth in debt and banking sector assets.

Capital / Liquidity

Australia Eyes Provisional Market Access for Aspiring Banks

16/08/2017

Restricted ADI licensees would need only $2.35mn in capital to take deposits; APRA paper does not address budget proposal to remove ‘bank’ capital requirements.