KYC & CDD

China Roundup – Financial Inclusion; Account Opening; Trust Lending

31/05/2017

CBRC clarifies requirements for financial inclusion units; PBOC warns on suspicious transactions.

Reporting & Disclosures

BSP, World Bank Unit Ink Agreement on Bank ESG

31/05/2017

Banking regulator, International Finance Corporation to develop new governance and risk management assessment tools.

Conduct, Culture & Accountability

Japan Finalises Stewardship Code

31/05/2017

Final version of non-legally binding code includes several new principles for institutional investors.

AI Risk & Governance

Japan FSA Anticipates ‘C2B’ Banking System

31/05/2017

Commissioner Nobuchika Mori suggests fintech will facilitate provision of ‘bespoke products to mass customers’.

AI Risk & Governance

ASIC Eyes Regtech Expansion

29/05/2017

Securities watchdog looks to bring more regulation and compliance technology into innovation hub, sandbox.

Emerging Prudential Risks

Pakistan Banking, Securities Regulators Join Forces

29/05/2017

Council of Regulators has been set up to tackle systemic risk, particularly cross-market issues.

Trading & Investment

APAC Regulators Welcome Global FX Code

25/05/2017

Regulators from Australia, Hong Kong, India, Korea and Singapore say they will ‘promote adherence’.

Anti-Money Laundering

Unregistered Remittance Operators Jailed in Australia

25/05/2017

AUSTRAC warns on ‘deliberate and systemic breaches’ of AML/CTF rules.

Structural Regulation

HK Market Infrastructures Pass CPMI-IOSCO Test With Aplomb

25/05/2017

Study confirms frameworks for payment and securities settlement systems, CCPs and trade repositories meet PFMI.