Securities / Derivatives

Capital / Liquidity

HK SFC to Remove Corporate Treasury of non-Financial Firms from OTC Regulation

By Samuel Riding | 21/12/2017

Extensive consultation also proposes to expand risk mitigation requirements to ‘all licensed corporations’, rejects idea of regulatory threshold.

Capital / Liquidity

MAS to Expand Range of Eligible Collateral to Include Commodities for IRB Banks

By Editors | 21/12/2017

Banks using internal ratings for credit risk under Basel guidelines will be allowed to have commodities as physical collateral.

Enforcement

HK SFC Releases 1st MiC Regime Guidance Bulletin

By Editors | 20/12/2017

Report warns on conflicts of interest in sales practices and asset management; notes asset management sector now has more than half of all intermediaries.

Capital / Liquidity

HK SFC Proposes Raising Capital Required by Fund Managers

By Editors | 19/12/2017

Consultation covers raising of minimum capital requirement to HKD10 million, introduction of derivatives use by public funds with enhanced safeguards.

Enforcement

Standard Chartered Brokerage Arm Hit With $330,000 Fine

By Editors | 19/12/2017

SFC investigation reveals internal control failures resulted in at least 61 regulatory breaches involving short selling, required liquid capital deficit of HKD2 billion.

Capital / Liquidity

Korea to Ban Foreigners from Cryptocurrency Trading Accounts

By Editors | 18/12/2017

Government has made abrupt about turn to legitimize cryptocurrencies by bringing them under greater regulatory purview.

Capital / Liquidity

Geopolitical Risk a Grave Concern for Financial Services in 2018

By Editors | 14/12/2017

DTCC report says cyber risk continues to be seen as greatest threat, but many firms now see geopolitical issues as one of the five biggest concerns.

Market Infrastructure

Malaysia, Thailand and Indonesia Launch Local Currency Clearing

By Editors | 13/12/2017

Deal involving multiple regional banks, which takes effect on 2 January, will enable wider use of domestic currencies in financial investment.

Enforcement

Hong Kong Court Confirms Legality of SFC-CSRC Information Sharing

By Editors | 12/12/2017

Judge rejects legal challenge to transfer of documents seized by SFC during execution of a search warrant to the Chinese securities regulator.