Markets & Infrastructure

Payments & Settlements

MAS Consults on E-Payment Guidelines

By Editors | 14/02/2018

The guidelines set standards on financial institutions providing e-payment services and their users.

Trading & Investment

China Urges Major Shareholders, Mutual Funds to Buy Equities

By Editors | 13/02/2018

Major shareholders encouraged to buy more shares to stabilise the market and protect investors; mutual funds should avoid being net sellers.

Structural Regulation

Industry Initiative Set to Streamline MAS 610 Compliance

By Editors | 12/02/2018

AxiomSL-led initative will define open taxonomy and standardise interpretations for the revised MAS 610 reporting mandate.

Structural Regulation

Indian Exchanges Suspend Overseas Index Trading

By Editors | 12/02/2018

BSE, NSE, MSEI to stop issuing market data licenses to foreign exchanges in a bid to halt migration of liquidity from India.

Structural Regulation

HKMA Virtual Bank Rules – Dull, Timid Bureaucracy

By Peter Guy | 12/02/2018

Proposed virtual banks rules fail to address the true future of financial services, risking Hong Kong’s descent into irrelevancy.

Anti-Money Laundering

Australia to Crack Down on Tax Avoidance by Multinationals

By Editors | 10/02/2018

Consultations relate to implementation of multilateral which will modify existing bilateral tax treaties, closing loopholes used by multinationals to avoid taxation.

Supervision & Enforcement

China ‘Techfins’ Alibaba, Tencent Fined for Forex Breaches

By Editors | 10/02/2018

Financial units of Alibaba and Tencent fined for offences including failure to file reports on forex payments by non-residents.

Supervision & Enforcement

Credit Suisse Hong Kong Fined $5mn

By Editors | 10/02/2018

Regulatory breaches include failures related to segregation of client securities, reporting of transaction, noncompliance with short selling requirements, unsuitability of investment products sold to clients.

Structural Regulation

Vietnam to Redefine Securities Market Laws

By Samuel Riding | 10/02/2018

New rules cover clearing and settlement, corporate governance by securities and fund management firms, and securities regulator’s powers.