AML / KYC

Compliance Costs to Dominate APAC Wealth Management Budgets – EY

19/05/2016

Consultant’s first APAC data shows compliance much more of a concern than in other regions.

Market Infrastructure

India Considering Additional HFT Surveillance Requirement

19/05/2016

Regulator also looking into speed bumps, order randomisation, trade bunching and limiting colocation access.

Market Infrastructure

HKMA Launches Cybersecurity Initiative

19/05/2016

Programme to cover cyber resilience assessment, professional development and information sharing.

RBI Confirms FPIs Will Be Able to Invest in Unlisted Securities

18/05/2016

Central bank circular also details rules for allowing investment in securitised debt.

AML / KYC

US Removes Myanmar Banks from Blacklist

18/05/2016

OFAC also adds two lenders to general license, says ‘most transactions’ involving all Burmese FIs now authorised.

Market Infrastructure

Taiwan FSC Proposes Extensive Financial Markets Reform

18/05/2016

Regulator concludes investors face much higher costs and taxes than in rival markets.

AML / KYC

HSBC Accepts ASIC Undertaking on Structured Product Sales

18/05/2016

Bank required to remediate clients who may have received ‘deficient advice’.

AML / KYC

JP Morgan Restricts SWIFT Access

18/05/2016

Bank takes precaution after security breaches related to Vietnam and Bangladesh banks.

Market Infrastructure

ICBC Extends AxiomSL Deployment to CRS, FATCA

17/05/2016

Platform initially deployed in 2013 to Basel and local regulatory requirements.