Structural Regulation

Supervision & Enforcement

UPDATED – SFC Hits UBS with Fine, IPO Underwriting Suspension

By Manesh Samtani | 12/03/2018

The bank was fined $15.2mn and intends to appeal its 18-month suspension from IPO underwriting; possible disciplinary action on eight other firms.

Structural Regulation

China Issues Consultation on Foreign Control of Securities Firms

By Samuel Riding | 12/03/2018

Foreign financial institutions would be able to own 51% of a mainland securities firm, with all ownership restrictions to be removed in three years’ time.

Trading & Investment

Who’s Picking up the MiFID II Bill?

By Peter Guy | 12/03/2018

MiFID II’s rollout into the middle of a market reversal and complaints about asset manager fees couldn’t have come at a worse time.

Structural Regulation

South Korea’s FSC Proposes Fintech Link with Indonesia

By Editors | 10/03/2018

Choi Jong-koo also lobbies to allow Korean firms to expand their business remits in the Southeast Asian country.

Capital Adequacy

US Fed Eyes Eased Regulation for Foreign Banks

By Samuel Riding | 09/03/2018

Vice chairman says to allow more foreign banks to set up more than one holding company, which each regulated separately according to different risk profiles.

Trading & Investment

IOSCO Consults on Volatility Control Mechanisms

By Manesh Samtani | 09/03/2018

Consultation report include recommendations on monitoring, record-keeping, disclosures on trigger mechanisms and cross-jurisdictional communication for dual-listed securities.

Credit Risk

Credit Reporting Regime Must Be Fair: ABA

By Editors | 09/03/2018

Banking association says new regime needs a way to flag special circumstances in credit histories to prevent discrimination against customers.

Structural Regulation

Eased Listing Rules to Attract Tech IPOs Tops CSRC Work Agenda

By Garima Chitkara | 08/03/2018

CSRC mulling allowing innovative voting structures and ease mandatory profitability requirements for participants in biotech, cloud computing and AI.

Emerging Prudential Risks

FSB Report Reveals Scale of Shadow Banking Risks

By Manesh Samtani | 08/03/2018

Global shadow banking activities rose 7.6 percent to $45.2tn in 2016, representing 13 percent of total financial system assets; China contributed $7tn to the measure.