Financial Crime

KYC & CDD

Ownership Disclosure Rule Creates Market Risk – PSE

By Samuel Riding | 01/03/2016

Head of Philippine Stock Exchange says compliance with rule is ‘close to impossible’.

Supervision & Enforcement

SEBI Clamps Down on Capital Market Violations

By Samuel Riding | 01/03/2016

Regulator orders attachment of accounts, mutual fund holdings in bid to recover USD7 million.

Market Abuse

SGX Focusing on Prevention, not Perfection

By Samuel Riding | 01/03/2016

Chief regulatory officer says role is to prevent, contain and disrupt market manipulation.

Conduct, Culture & Accountability

SFC Fines Yuanta Securities’ HK Unit for Disclosure Failings

By Samuel Riding | 29/02/2016

Securities regulator says firm hid bond deal execution prices and financial gains.

Payments & Settlements

The Cashless Economy – Closer Than You Think

By Peter Guy | 29/02/2016

Determined financial regulation and proven technology could result in the cashless society needed for negative rates.

Structural Regulation

Philippines Confirms New Bank Approval Rules

By Samuel Riding | 23/02/2016

Central bank confirms complete lifting of moratorium from 1 January, 2018.

Credit Risk

OJK to Issue New Interest Rate Rules

By Samuel Riding | 23/02/2016

Indonesian financial services authority responds to calls for lower rates, central bank expected to cut benchmark.

PEPs & Sanctions

ICBC Freezes N.Korea Accounts

By Samuel Riding | 23/02/2016

China’s largest bank among several to halt deposits and transfers, according to S.Korean newspaper.

Credit Risk

SEBI Steps up Distressed Bonds Inquiry

By Samuel Riding | 23/02/2016

Securities regulator looking at detailed submissions from asset managers due to downgrade concerns.