Enforcement
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Hong Kong Joins Singapore, US in Labelling Some ICOs as Securities
Samuel Riding, Regulation Asia September 6, 2017SFC says some ICOs are either share, debenture or collective investment schemes; some traders in secondary market could be regulated entities.
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Top CBRC Adviser Flags Failures to Address Operational Risks
Samuel Riding, Regulation Asia September 6, 2017CBRC chief adviser and former SFC chief Dr Andrew Sheng says regulation risks pro-cyclicality when real economy requires structural change.
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BCBS Says Supervisors Should Boost Fintech Training, Regtech Use
Samuel Riding, Regulation Asia September 4, 2017Taskforce says regulators will need to start upskilling staff; adopt artificial intelligence, machine learning and other tech to ensure effective supervision.
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S.Korea to Curb Bank Chief Bonuses
Samuel Riding, Regulation Asia September 4, 2017Only 60% of bonuses to be paid up front, remaining 40% to be paid out over three years but can be cut or clawed back if investments lose money.
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CSRC to Push ‘Central Surveillance System’ for Exchanges
Samuel Riding, Regulation Asia August 29, 2017Chairman Liu Shiyu cites ‘huge room for improvement’ in exchanges' front-line supervision, citing failures exposed by 2015 stock market turmoil.
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HK SFC, Police Join Forces to Combat Financial Crime
Samuel Riding, Regulation Asia August 29, 2017Agreement aims to clamp down on financial crime via securities markets; SFC has identified ‘multiple weaknesses’ in broker AML/CTF.
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Australian Regulator Launches CBA Inquiry
Samuel Riding, Regulation Asia August 29, 2017APRA inquiry to look at whether governance, culture and accountability frameworks conflict with ‘sound risk management and compliance outcomes’.
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Korea Toughens Short-selling Rules
Samuel Riding, Regulation Asia August 28, 2017Measures are expected to sharply increase incidences of excessive short selling; new categories of offence come with heavier maximum penalty.
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Philippine Central Bank Strengthens Compliance Standards
Editors, Regulation Asia August 28, 2017Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.
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Cybercrime Threatening Market Integrity – ASIC
Samuel Riding, Regulation Asia August 23, 2017Australian regulator says market integrity will be a top priority over the next six months amid a surge in related misconduct issues.
