MARKET INFRASTRUCTURE

AML / KYC

Singapore, Abu Dhabi to Cooperate on Banking Supervision, Markets, Fintech

By Editors | 27/11/2017

Middle Eastern regulator has already approved one Singapore firm to provide credit services; Singapore firm won Fintech challenge.

Capital / Liquidity

Vietnam to Allow Banks to Go Bankrupt

By Editors | 27/11/2017

Bankruptcy will be a last resort; Vietnamese banking sector has bad debts of 8.6% of total credit, 17.2% NPL ratio; Moody’s outlook ‘positive’

Capital / Liquidity

China Cracks Down on Shadow-banking Through its own ‘Dodd-Frank’

By Garima Chitkara | 23/11/2017

Chinese regulators have released a new draft legislation to restrict financial institution activity.

AML / KYC

Hong Kong to Continue to Allow Mutual Fund Sales Commissions

By Editors | 20/11/2017

Securities and Futures Commission says Hong Kong is not ready to ban commissions and introduce a pay for advice model.

Market Infrastructure

Korea to Launch New OTC Market for Professional Investors

By Editors | 20/11/2017

Existing OTC platform has not been successful due to institutional investors’ concerns about having to give details of their trading strategies.

Market Infrastructure

Hong Kong Institutions Must Start to Tackle EU Data Protection Rules

By Justine Laprun | 16/11/2017

The European General Data Protection Regulation should already be one of the next items on institutions’ agendas, according to Sia Partners.

Market Infrastructure

China to Allow More Foreign Investment in Banks, Majority Stakes in Brokerages

By Editors | 13/11/2017

Move follows introduction earlier this year of licensing system for foreign asset managers to set up private funds in China.

Capital / Liquidity

Australia to Loosen Fundraising Rules for Mutuals in Bid to Boost Competition

By Editors | 09/11/2017

Credit unions, building societies will be able to raise funds without having to forego their status as customer-owned entities.