Structural Regulation

Structural Regulation

SFC Warns Against Disguised Margin Financing

By Editors | 06/08/2018

Suspected margin financing arrangements involve unlicensed affiliates of licensed corporations or third parties who appear to be engaging in securities margin financing without an SFC licence in order to circumvent regulatory requirements.

Emerging Prudential Risks

China’s Ant Financial and WeBank – ‘Too Big to Regulate’

By Peter Guy | 02/08/2018

The Chinese government has allowed unregulated online participants to innovate and grow in a sector traditionally dominated by state banks. Systemic risk has increased by not imposing strict and comprehensive regulatory regimes.

Structural Regulation

ASIC Adopts Asia Funds Passporting in Regulatory Guides

By Garima Chitkara | 02/08/2018

Changes have been made to seven of ASIC’s regulatory guides after the government passed a legislative amendment enabling the funds passporting scheme.

Trading & Investment

IOSCO Issues Recommendations on Managing Extreme Volatility

By Editors | 02/08/2018

IOSCO believes volatility control mechanisms support the goal of ensuring markets are fair, efficient and transparent, thereby increasing market integrity and investor confidence.

Payments & Settlements

Thailand to Offer Fee-Free ‘Basic’ Banking

By Garima Chitkara | 01/08/2018

Thailand’s banks will offer basic accounts that exempt senior citizens and welfare recipients from entry fees, annual charges and minimum deposit requirements.

Trading & Investment

China Proposes Easing Rules on ‘Strategic’ Foreign Investment in A-Shares

By Garima Chitkara | 01/08/2018

Ministry of Commerce consultation paper proposes to reduce lock-in period from three years to one and to reduce ownership and asset management thresholds.

Conduct, Culture & Accountability

ASIC Approves ABA Banking Code of Practice

By Garima Chitkara | 01/08/2018

New banking code expands legal protections for small business borrowers and retail customers; signatory banks have until July 2019 to implement the Code, but some are expected to be compliant earlier.

Structural Regulation

LIBOR Transition Programmes Should Mobilise Immediately – Report

By Manesh Samtani | 01/08/2018

New report by Oliver Wyman says firms should start developing new non-LIBOR products and managing down LIBOR exposures; those that do not act quickly in anticipation of the transition will increase risks and costs.

Trading & Investment

RBI Expands List of Eligible Government Bonds Short Sellers

By Garima Chitkara | 30/07/2018

RBI has allowed any entity with approval from a financial regulator to undertake short selling in government securities in addition to the current list of eligible short sellers.