Emerging Prudential Risks

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.

Data Privacy

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.

Resolution & Recovery

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.

Structural Regulation

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.

Structural Regulation

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.

Fraud, Scams & Cybercrime

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.

Liquidity Risk

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.

Anti-Money Laundering

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’.

Structural Regulation

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.