Capital / Liquidity

CSRC to Rein in Fund Management Subsidiaries

04/12/2016

Move expected to end practice of banks offering loans to risky enterprises via the firms.

Market Infrastructure

HK, Switzerland Agree Mutual Recognition of Funds

04/12/2016

Agreement to allow cross-border sales includes rules on equal treatment of investors.

Capital / Liquidity

Korea, Taiwan Banking Systems Stable – Moody’s

02/12/2016

Both countries face external economic and geopolitical risks, report suggests.

AML / KYC

Philippines Set to Boost AML Council Powers

02/12/2016

Strengthened AML Act would include power to immediately freeze accounts.

Market Infrastructure

India Revamps Co-Location Facility Rules

02/12/2016

New rules require one exchange to “allow connectivity” to co-location servers at another.

Market Infrastructure

MAS to Set Up APAC Cyber-defense Centre

02/12/2016

Joint initiative with US-based Financial Services Information Sharing and Analysis Center.

Market Infrastructure

ASX to Take Control of BBSW

02/12/2016

Financial Markets Association to hand over reins as ASIC cases continue.

Enforcement

DBS Taiwan Fined for TRF Mis-selling

02/12/2016

Regulator has so far fined 16 banks $2.25mn for malpractice in selling the currency options.

AML / KYC

StanChart Fined $3.8mn as MAS 1MDB Probe Nears Conclusion

02/12/2016

Former Goldman Sachs director banned from regulated activity for making false statements.