AML / KYC

HSBC Appeals Mis-selling Fine

05/05/2016

Private banking unit was hit with HKD605mn SFC fine in July 2015.

Securities / Derivatives

RBI Proposes Derivative Margining Rules

04/05/2016

Requirements to apply to non-centrally cleared derivatives usage above INR3.5trn threshold.

AML / KYC

Australia Launches Tax Disclosure Consultation

04/05/2016

Government recommends adoption of OECD mandatory disclosure rules on base erosion, profit shifting.

CBRC Clamps Down on Balance Sheet Manipulation

03/05/2016

CBRC bars lenders from placing wealth management funds in investment products.

Australia Proposes Bankruptcy, Insolvency Reforms

03/05/2016

Measures designed to boost innovation could have knock-on impact on capital markets.

China Eases Bank FX Rules

03/05/2016

Banks will be allowed to issue more hedging products and hold larger short positions.

Market Infrastructure

ARFP to Implementation to Start at end-June

29/04/2016

Australia, Japan, Korea and New Zealand sign memorandum of cooperation on regional funds passport.

CSRC Tells Commodities Exchanges to Curb Speculation

29/04/2016

Securities regulator calls for curbs on ‘speculative’ futures trading as prices surge.

Market Infrastructure

India to Bring P2P Regulation Under Central Bank

29/04/2016

RBI proposes P2P lending platforms be regulated as non-banking finance companies.