Fraud, Scams & Cybercrime

Police Raid Shanghai P2P Lender

16/09/2016

Company has promised to pay out returns from 1 October after 6-month hiatus.

Credit Risk

APRA to Revise Counterparty Credit Risk Framework

16/09/2016

Revisions aims to align framework with Basel changes.

Anti-Money Laundering

Singapore Banks Required to Report Indonesia Amnesty Clients

16/09/2016

MAS says reporting does not necessarily mean a client will be investigated by the police.

Conduct, Culture & Accountability

ASIC Releases Remediation Guidelines for Financial Advisers

16/09/2016

Measures aim to prevent systemic risk arising from advisers’ conduct.

Fraud, Scams & Cybercrime

Exclusive: $58mn Missing After HK Cash Advance, P2P Firms Fail

15/09/2016

Hong Kong police are investigating claims directors misappropriated up to HK$450mn from the two firms.

Alternative Markets

Digital Fund-raising Exchanges Illegal – SEBI

15/09/2016

Regulator warns investors about equity crowd-funding platforms emulating securities exchanges.

Resolution & Recovery

Sri Lanka Central Bank Establishes Resolution Division

15/09/2016

Central bank to overhaul regulatory framework to strengthen licensed financial companies.

Trading & Investment

RBI Sets up Working Group on Commodity Hedging Price Risk

15/09/2016

Group includes representatives from RBI, SEBI, commercial banks and corporate sector.

KYC & CDD

China Said to Limit Securities Accounts

15/09/2016

CSRC to clamp down on trading under fake identities; limit investors to 3 accounts.