Capital Regulation
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Hong Kong Sets out Internal Audit Requirements for Authorised Institutions
Editors, Regulation Asia November 2, 2017HKMA says audit functions must be separate from risk and compliance; will only allow outsourcing ‘under very limited circumstances’.
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Korea Introduces ‘Sarbanes Oxley’ in Response to Accounting Scandals
Samuel Riding, Regulation Asia November 2, 2017Move is part of President Moon Jae-in’s Chaebol clean-up campaign, follows proposal to make agencies liable for ‘defective ratings’.
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HK SFC Launches Thematic Review of Prime Brokerage, Equity Derivatives
Editors, Regulation Asia November 1, 2017Regulator says prime brokerage a growing revenue stream for institutions as Hong Kong’s asset management, hedge fund sectors expand.
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PBOC Targets ‘Shadow Financing’ by Tech Firms
Editors, Regulation Asia November 1, 2017Central bank says many firms representing as technology providers are in fact providing finance for clients who can’t access conventional resources.
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Singapore Proposes Liquidity Risk Management Rules for Fund Managers
Samuel Riding, Regulation Asia October 30, 2017MMFs will face more enforceable requirements than other portfolios, including rules on average maturity, 1-day/5-day redemption.
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Philippines to Ease Forex Rules, Ending Registration System
Editors, Regulation Asia October 30, 2017Central bank governor says rules will be relaxed so inbound investment, private sector foreign currency borrowing require reporting, not registration.
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806Here’s Sand in Your Eye
Karen Chiu, Regulation Asia October 26, 2017Why fintech (financial technology) sandboxes aren’t necessarily the child’s play they’ve been made out to be by banks and disrupters alike.
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BCBS Gives Banks Just 2.5 Years to Work-out Step-in Risk
Editors, Regulation Asia October 26, 2017Step-in risk guidelines due to be implemented by 2020 will require reporting rather than additional liquidity or capital charges.
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RBI Confirms ID-Bank Account Link Compulsory, to Create Public Credit Registry
Editors, Regulation Asia October 25, 2017Central bank says Aadhar cards must be linked to bank account; proposed credit registry to be open to ‘all stakeholders’.
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Philippines Eyes Single-digit RRR
Editors, Regulation Asia October 25, 2017Current 20% RRR is one of the highest in the world; capital market development to focus on fixed income and repo markets.
