Capital / Liquidity

Capital / Liquidity

China to Clampdown on Money Laundering via Property Market

By Editors | 06/11/2017

**Developers to conduct due diligence checks on sources of funding, buyers must use their own accounts to make property purchases in AML drive.
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Capital / Liquidity

When Deposit Insurance Isn’t Insurance

By Peter Guy | 06/11/2017

Calls for EU wide deposit insurance are supposed to herald banking union. But regulatory enforcement, national policies and financial technology stand in the way.

Capital / Liquidity

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

By Samuel Riding | 02/11/2017

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

Capital / Liquidity

Hong Kong Sets out Internal Audit Requirements for Authorised Institutions

By Editors | 02/11/2017

HKMA says audit functions must be separate from risk and compliance; will only allow outsourcing ‘under very limited circumstances’.

Capital / Liquidity

Korea Introduces ‘Sarbanes Oxley’ in Response to Accounting Scandals

By Samuel Riding | 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

HK SFC Launches Thematic Review of Prime Brokerage, Equity Derivatives

By Editors | 01/11/2017

Regulator says prime brokerage a growing revenue stream for institutions as Hong Kong’s asset management, hedge fund sectors expand.

Capital / Liquidity

PBOC Targets ‘Shadow Financing’ by Tech Firms

By Editors | 01/11/2017

Central bank says many firms representing as technology providers are in fact providing finance for clients who can’t access conventional resources.

Capital / Liquidity

Singapore Proposes Liquidity Risk Management Rules for Fund Managers

By Samuel Riding | 30/10/2017

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

AML / KYC

Philippines to Ease Forex Rules, Ending Registration System

By Editors | 30/10/2017

Central bank governor says rules will be relaxed so inbound investment, private sector foreign currency borrowing require reporting, not registration.