ADVERTISEMENT
Emerging Prudential Risks
Financial System Resilient but Concerns Remain – RBA
By JP Reimann | 17/04/2018
Australia’s Financial Stability Review says risks easing, financial system resilient; but dangers remain on household debt, weak risk control and poor culture at banks.
Trading & Investment
India Raises FPI Investment Limits for Govt, Corporate Debt
By Editors | 17/04/2018
Investment limits raised almost 10% effective 12 April, with additional increases set for October.
Trading & Investment
SFC Reprimands, Fines Nomura’s Instinet $2.2mn
By Editors | 16/04/2018
The firm failed to put in place reasonable controls to ensure non-proprietary orders received execution priority, prevent erroneous and disorderly orders being sent to the market.
Structural Regulation
Australia to Review Lack of Competition in Banking Sector
By Editors | 16/04/2018
The ACCC will examine a potential oligopolistic structure in Australia’s banking sector and review competitive practices that have allegedly led to higher barriers to entry for newcomers.
Supervision & Enforcement
CBA, ANZ to Pay Compensation for Missing Financial Advice Records
By Editors | 16/04/2018
CBA and ANZ to pay $69mn and $36.4mn compensation, respectively, for failing to provide documentation of annual customer reviews.
KYC & CDD
Outsourcing Compliance and Cybersecurity is Increasingly Risky Business
By Peter Guy | 16/04/2018
Recent FCA case highlights cost of mismanaged outsourcing. Potential IT problems are brewing for private equity GPs too as big deals systemically overlap banking system.
Trading & Investment
SFC Eying Rules on Instant Message Trade Orders
By Samuel Riding | 16/04/2018
Executive director also says regulator to develop common standard on the content and format of data required to be kept by investment firms.
Trading & Investment
China to Revive QDII Scheme for Outbound Investment
By Editors | 15/04/2018
SAFE has invited financial institutions to seek new quotas under the scheme; institutions’ total QDII quota to be capped at 8 percent of fund assets, will not be allowed to apply for fresh quotas if under 70 percent of existing allocations are used up.
Structural Regulation
PBOC Confirms Financial Sector ‘Opening up’ Plans
By Samuel Riding | 14/04/2018
Governor Yi Gang confirms there will eventually be no limits on foreign ownership of financial institutions; quadruples Stock Connect quotas.
Payments & Settlements
HKMA, HKEX Adopt New Messaging Standard
By Editors | 13/04/2018
Monetary authority and stock exchange to use messaging system across cross-border payments and remittances, support ‘open banking’.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.