Big Picture

Beware Regulatory Fragmentation in 2018 – Deloitte

11/01/2018

Trend towards more isolated policymaking will challenge the implementation of financial regulations on a worldwide basis.

Securities / Derivatives

ESMA Publishes List of Derivatives Subject to MiFID II Trading Rules

11/01/2018

Listed securities must be traded on regulated markets or organised trading facilities; no APAC venues yet to be granted equivalency.

AML / KYC

Banks Must Ensure Foreigners’ RMB Investment Returns Can Be ‘Freely Remitted’ – PBOC

08/01/2018

PBOC confirms overseas investors can use RMB funds to participate in China’s emissions trading market; send RMB profits, dividends back home.

Capital / Liquidity

Japan Regulator to Overhaul Supervision and Restructure

08/01/2018

FSA’s move towards ‘dynamic supervision’ includes scrapping inspection manuals, restructuring governance, internal structure and HR policy.

Capital / Liquidity

HK SFC to Remove Corporate Treasury of non-Financial Firms from OTC Regulation

21/12/2017

Extensive consultation also proposes to expand risk mitigation requirements to ‘all licensed corporations’, rejects idea of regulatory threshold.

Market Infrastructure

China to Scrap RMB Trading Waitlist for Foreign Banks

14/12/2017

Move is part of a package reforms including ‘non-discriminatory ownership limit rules’ for overseas banks, but PBOC doesn’t provide timeline.

AML / KYC

What You Need to Know About MiFID II Product Governance Requirements

07/12/2017

With less than a month to go before the MiFID II comes into effect, Vijay Chander, executive director for Fixed […]

AML / KYC

Don’t Panic – MiFID II Set for ‘Soft’ Launch

07/12/2017

Experts say regulators likely to accept a ‘best efforts’ approach for at least several weeks after MiFID II official implementation deadline.

Crypto / Digital Assets

BoJ Expects Large IT Firms to Become Systemically Important

07/12/2017

Haruhiko Kuroda says global IT platform providers could pose systemic risk through holding vast amounts of data, adds to warnings on algo contagion.