HK Court Confirms SFC Authority in Insider Trading Conducted Overseas

13/11/2017

Court also rules a person’s lack of awareness they are trading on inside information doesn’t mean they don’t have to pay back illicit gains.

OTC Derivative Margin Requirements – Still Work to be Done

09/11/2017

Mark Jennis of Global Collateral suggests it will take a further two years for Asia Pacific firms to get all their ducks in a row.

Capital / Liquidity

FSB Reports on ‘Rise of the Financial Machines’, Backs Regtech

02/11/2017

Report suggests AI and machine learning could create new systemically important players, warns on opacity, audit difficulty.

Capital / Liquidity

Korea Introduces ‘Sarbanes Oxley’ in Response to Accounting Scandals

02/11/2017

Move is part of President Moon Jae-in’s Chaebol clean-up campaign, follows proposal to make agencies liable for ‘defective ratings’.

Capital / Liquidity

Singapore Proposes Liquidity Risk Management Rules for Fund Managers

30/10/2017

MMFs will face more enforceable requirements than other portfolios, including rules on average maturity, 1-day/5-day redemption.

AML / KYC

India to Allow Currency Hedging by Non-resident Companies

19/10/2017

RBI (the Reserve Bank of India) will allow central treasuries used by non-resident companies to hedge their rupee currency risk from trade transactions.

Enforcement

HK SFC Investigating 15 IPO Sponsors for ‘Substandard’ Work

12/10/2017

Head of enforcement says the IPO sponsors may have failed to verify data, opening the door to fraud by the listing companies.

AML / KYC

Australian Banks Want Fintechs to Pay for ‘Open Banking’

11/10/2017

Biggest lenders continue to frustrate efforts by authorities to increase competition and throw open door to banking disruptors.

Market Infrastructure

Top CSRC Official Calls on Derivatives Industry to Develop OTC Options

04/10/2017

Vice chair Fang Xinghai says stock index futures market has been ‘substantially restored’ since outright ban in September 2015.