MARKET INFRASTRUCTURE

Market Infrastructure

HK, India Sign Tax Pact

By Editors | 22/03/2018

Hong Kong investors will pay half the normal withholding tax rate on the interest earned on their investments in India.

Market Infrastructure

Systemically Damaging Cyber-attack Inevitable – DTCC

By Manesh Samtani | 21/03/2018

White paper calls for industry collaboration to develop common response and recovery standards and contingencies to mitigate impending attack.

Enforcement

Japan Introduces AI Market Surveillance

By Samuel Riding | 21/03/2018

System from Hitachi and NEC will identify potential unfair trading, but humans will still be relied on to interpret data.

Market Infrastructure

China to Allow Offshore Listed Firms to Issue Depository Receipts

By Editors | 20/03/2018

Move aimed at attracting back to the mainland China’s overseas-listed tech giants Alibaba, Tencent, Baidu.

Market Infrastructure

China’s Bold Regulatory Reorganisation

By Peter Guy | 19/03/2018

Super regulator’s major obstacle will be resisting the cycles of international financial history while meeting the challenges of a big, fast-growing economy.

AML / KYC

Supervisory Flaws Hurting Remittance Providers – FSB

By Manesh Samtani | 19/03/2018

Report says AML/CTF and other supervisory shortfalls limit remittance providers’ access to banking services; makes 19 recommendations to address barriers.

AML / KYC

FSB Reports Progress on Correspondent Banking Decline

By Manesh Samtani | 19/03/2018

Report discusses strengthening due diligence tools to support correspondent banking relationships and improved monitoring.

Fintech / Regtech

CBRC Wants Banks to Up Their Data Game

By Samuel Riding | 19/03/2018

Regulator says it has observed data governance regimes in other jurisdictions; says Chinese lenders’ data can be inaccurate, insufficiently comprehensive, and outdated.

Enforcement

Cyber Threats Top ASIC Agenda

By Samuel Riding | 19/03/2018

Australian securities regulator warns on ‘malicious cybercrime’; says surveillance of OTC markets will be another 2018 priority.