Conduct, Culture & Accountability

Australia Gov’t to Push Senior Managers Regime

27/02/2017

Bonuses could be frozen when banks are in the midst of a scandal.

Market Abuse

CSRC Fines P2P ‘Hyper’ $500mn

27/02/2017

Company chairman misrepresented firm as P2P business despite no involvement in sector.

Trading & Investment

SGX Moots Reintroduction of Trading Lunchbreak

27/02/2017

Break in trading was scrapped in 2011; exchange said to also widen spread on buying, selling shares.

Custody & Infrastructure

S.Korea Central Bank to Test R3 Blockchain

27/02/2017

Scope and schedule of ‘proof of concept’ project yet to be confirmed.

Structural Regulation

New CBRC Chief Set to Head ‘Super Regulator’

24/02/2017

Guo Shuqing likely to head ‘single operating body’ with authority for banking, securities and insurance regulation.

KYC & CDD

Indonesia Rushes to Complete CRS Legislation

24/02/2017

Government considering urgent ‘regulation in lieu of law’ on banking secrecy.

Market Abuse

Pakistan to Develop Guidance on Bank Insider Trading

24/02/2017

Regulator files criminal charges against senior banker; continues to hunt fugitive brokers.

Supervision & Enforcement

Vietnam Central Bank Extends Enforcement Powers

24/02/2017

SBV can take ‘special measures’ against institutions which breach regulations.

Emerging Prudential Risks

China Moots Ban on Futures Company Asset Management Products

24/02/2017

Products are typically used to circumvent provision and reserve requirements.