Structural Regulation

Korea to Ease Internet-only Bank Rules

07/07/2016

FSC proposes to revise banking laws, allow IT firms to have controlling stakes.

KYC & CDD

Boost Controls, Transparency to Avoid De-risking – SWIFT

06/07/2016

Study says de-risking in correspondent banking can force individuals to even riskier, poorly regulated channels.

Clearing & Post-Trade

JSDA Issues Details of T+2 Final Report

06/07/2016

Japanese dealers association says to re-examine operation flow for T+1 and T+0 stock lending.

Anti-Money Laundering

Philippines Set to Close Casino Money Laundering Loophole

06/07/2016

Bill proposes to amend 2001 Anti-Money Laundering Act which excluded casino operators, junkets.

Cloud & Infrastructure

MAS to Enhance Cloud Service Guidelines

05/07/2016

Revised guidelines will aim to protect FIs’ customer information and lessen risks from outsourcing.

Trading & Investment

S.Korea to Tighten Investor Self-Assessment

05/07/2016

Regulator to encourage more stringent assessment of suitability for investment activities.

Fraud, Scams & Cybercrime

Indian Auditor General Eyes Regulator’s Performance

05/07/2016

Comptroller says performance audits would mitigate the risk of financial frauds.

Trading & Investment

HKEx to Introduce Closing Auction Session

04/07/2016

Closing auction to be reintroduced third quarter to bring HKEx back in line with global peers.

Market Abuse

CSRC Tightens IPO Scrutiny

03/07/2016

Securities regulator initiates inspection campaign, cites series of problems.