MARKET INFRASTRUCTURE

Securities / Derivatives

PBOC Announces Stricter Asset Management Rules

By Editors | 02/05/2018

New rules include leverage limits, a ban on implicit guarantees, risk reserve provisioning amounting to 10% of management fees; transition period for full compliance to last until end-2020.

AML / KYC

Regulation in the Age of Cryptocurrencies

By Will Hallatt | 02/05/2018

Blockchain technology is ushering in a new epoch of monetary oversight, creating opportunities and challenges for regulators in a world disrupted by the advent of cryptocurrencies.

Market Infrastructure

SEBI Extends Deadline for Monitoring Foreign Investment Limits

By Editors | 02/05/2018

Extension to give listed companies more time to provide data to depositories on foreign investment; data to enable daily calculation of foreign investment in listed companies.

Crypto / Digital Assets

ASX to Replace Post Trade Infrastructure with DLT Solution

By Manesh Samtani | 01/05/2018

New DLT system to provide more efficient clearing, settlement and other post-trade services through improved record keeping, reduced reconciliation, more timely transactions, better quality data.

Market Infrastructure

Japanese Banks Respond to HK OTC Derivatives Consultation

By Garima Chitkara | 30/04/2018

Japanese banking association asks for 6-12 months grace for implementing LEI requirements; urges for increased incentives to encourage smaller firms to obtain LEIs.

Market Infrastructure

India Puts Funds Passporting On Hold

By Garima Chitkara | 30/04/2018

Local press reports say SEBI is concerned about excessive foreign money into the country’s nascent mutual funds industry making it susceptible to fund volatility.

Market Infrastructure

American Express Set to Enter China Market

By JP Reimann | 30/04/2018

Amex application to operate in China through a joint venture with domestic mobile-payment provider Lianlian has reportedly been accepted by PBOC.

Capital / Liquidity

Taiwan to Debut Internet Only Banks by End-2019

By JP Reimann | 30/04/2018

Internet only banks must be at least 50 percent owned by a traditional lender, and subject to the same capital requirements.

Market Infrastructure

Thailand Targets Bank Mergers to Boost Regional Competitiveness

By Manesh Samtani | 28/04/2018

BOT supports incentives for merged banks including extra deductions for corporate income tax and waivers from other tax obligations.