AML / KYC

Philippine SEC Seeks Banking Secrecy Exemption

28/12/2016

Secrecy law is the only issue preventing regulator from joining IOSCO.

Malaysia Warns on Reporting Obligations

28/12/2016

BNM says it has started enforcement action against a financial institution for forex-related misconduct.

India Eases FPI Rules

28/12/2016

Category 1 and 2 FPIs can hold derivatives up to 20% of a stock’s market wide position limit.

CSRC Warns 5 Brokers on Compliance

28/12/2016

Securities regulator also says to tighten supervision of asset managers.

AML / KYC

HK SFC Clarifies Product Suitability Requirements

28/12/2016

Advertisements, research reports may not trigger obligations if no direct communication with client.

AML / KYC

Pakistan Moots Demonetisation

23/12/2016

Move would ‘reduce illicit money inflow, and reduce the size of undocumented economy’.

Capital / Liquidity

Vietnam Lifts Banks’ Gov’t Bond Purchase Requirements

23/12/2016

Banks should participate in at least 60% of auctions; retain 70% in bonds of 5-year tenor.

Market Infrastructure

Taiwan Finalising Fintech ‘Sandbox’ Rules

23/12/2016

Regulators will be able to stop trials if they endanger the financial market or consumers.

AML / KYC

Ex-BSI Banker Jailed for 30 Months

23/12/2016

Yeo Jiawei said to have had working relationship with Jho Low; faces another 7 charges next year.