Structural Regulation

Hong Kong Extends Listing Regulation Consultation

12/09/2016

Proposal to give SFC more say has prompted claims it will reduce HK’s appeal as an IPO destination.

KYC & CDD

Indonesia Simplifies Account Opening Process

12/09/2016

New rule relaxes KYC requirements for banking service provision through agents.

Structural Regulation

CFTC Grants Japan Comparability on Un-cleared Swaps

12/09/2016

US regulator votes 2-to-1 to grant comparability on un-cleared swaps margining, eligible collateral.

Credit Risk

CBRC Asks Banks to Set Up Creditor Committees

12/09/2016

Committees required to relieve debt burden rather than recall loans, stop lending.

Anti-Money Laundering

China, Cambodia Ink AML/CTF MOU

09/09/2016

Cambodia ranks 6th globally for susceptibility to money laundering, terrorist financing.

Credit Risk

Taiwan Toughens Derivative Account Rules

09/09/2016

Applications for retail and institutional client accounts require central bank approval.

KYC & CDD

HKMA Warns of Excessive Due Diligence

09/09/2016

Authority says some KYC/AML measures ‘disproportionate’; looking at KYC utilities to ease regulatory burden.

Anti-Money Laundering

Ease AML/CTF Regulations for Low-value Transactions: Brookings

08/09/2016

Influential think-tank suggests some regulations could be eased to support financial inclusion.

Clearing & Post-Trade

CME Granted Hong Kong CCP Status

08/09/2016

6 September, 2016 – CME Group announced that Chicago Mercantile Exchange Inc. has been granted authorization to provide OTC clearing […]