Structural Regulation

Singapore Trusts to Adopt IFRS-like Framework

20/01/2017

Collective investment schemes will continue to prepare statements as per ISCA recommendations.

Structural Regulation

HK, US Regulators Agree Cross-Border Monitoring

20/01/2017

Agreement covers cooperation on license exemptions and on-site visits for financial infrastructures and firms.

Conduct, Culture & Accountability

HK Firms Appointing Juniors as Responsible Officers – SFC

20/01/2017

Executive director for intermediaries defends Manager-in-Charge regime.

Cybersecurity

RBI Unit to Boost Cybersecurity

19/01/2017

Central bank unit seeking 39 staff for roles in cybersecurity, research and innovation, systems audit.

Fraud, Scams & Cybercrime

Bangladesh to Delay Heist Report Until Money Recovered

19/01/2017

Central bank officials accused of negligence in theft of $81 million.

Anti-Money Laundering

Singapore Accounting Regulator to Enhance Reporting Transparency

19/01/2017

Move aims to enhance governance standards, align with global AML, CTF standards.

Market Abuse

Ex HSBC, Deutsche Traders Guilty of Deception

19/01/2017

Investigation finds traders failed to disclose beneficial ownership, illegally profited from trades.

Trading & Investment

China to Allow Foreign Firms to Launch IPOs

19/01/2017

Move aims to ‘further widen’ foreign financing channels.

Credit Risk

Singapore Banks Launch Unsecured Debt Schemes

18/01/2017

MAS is reducing unsecured borrowing limit to 12x monthly income by 2019.