Big Picture

Too Early to Assess Fintech Risks – DTCC

14/02/2018

Firm suggests fintech adoption has clear benefits, but the systemic risks from increased adoption have yet to fully emerge.

Fintech / Regtech

India to Stiffen Personal Privacy Law, Create Fintech Sandbox

12/02/2018

Inter-regulatory group concerned about ‘dearth’ of coherent law on customer data, recommends multiple measures to support development of fintech regulatory framework.

Big Picture

Slow Progress on Resolution Regimes – BIS

10/02/2018

Agustín Carstens notes recent resolutions have not involved bail in; some G-SIB home authorities do not have cooperation agreements with foreign regulators.

Securities / Derivatives

Vietnam to Redefine Securities Market Laws

10/02/2018

New rules cover clearing and settlement, corporate governance by securities and fund management firms, and securities regulator’s powers.

Capital / Liquidity

HK Gives Banking Disruptors a Chance, for $38mn

07/02/2018

Deputy chief of Monetary Authority also says banks cannot use ‘predatory tactics’ when competing for market share.

Enforcement

Citibank Taiwan Fined for ex-Financial Planner’s Misconduct

05/02/2018

Bank reported financial adviser to regulator and dismissed them after uncovering misconduct involving more than $3mn.

Securities / Derivatives

IOSCO Issues Final Fund Liquidity Risk Management Principles

05/02/2018

Group of regulators says document represents ‘last step’ in its move to address systemic risk from open-ended funds.

AML / KYC

Interpol to Increase Measures on Cryptocurrencies AML, CTF Risk

01/02/2018

Global police organisation says to increase information sharing, review AML/CTF rules pertaining to digital currencies, take action against cryptocurrency ‘tumblers’.

Capital / Liquidity

China Regulators Lobby EU to Ease Banking Access Requirement

01/02/2018

PBOC, CBRC say cost of setting up a parent holding company might outweigh the intended improvement in supervision.