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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Clearing & Post-Trade
HK SFC to Remove Corporate Treasury of non-Financial Firms from OTC Regulation
By Samuel Riding | 21/12/2017
Extensive consultation also proposes to expand risk mitigation requirements to ‘all licensed corporations’, rejects idea of regulatory threshold.
Structural Regulation
Australia FinTech Body Embraces Provisional Bank Licencing
By Editors | 20/12/2017
Industry body recommends increasing the deposit limit for new banking entrants, allowing more time to meet the prudential framework.
Conduct, Culture & Accountability
Australian Banks Agree New Code of Conduct
By Editors | 20/12/2017
Code of conduct, which is awaiting approval by ASIC is legally binding in contracts with consumers, bans unsolicited credit card limit increases.
Capital Adequacy
HK SFC Proposes Raising Capital Required by Fund Managers
By Editors | 19/12/2017
Consultation covers raising of minimum capital requirement to HKD10 million, introduction of derivatives use by public funds with enhanced safeguards.
Structural Regulation
Shenzhen, Laos Exchanges Sign MoU on Capital Market Cooperation
By Editors | 19/12/2017
SZSE and LSX to share information, personnel, technology, expertise; financial infrastructure connectivity to facilitate cross-border ‘economic corridor’.
Trading & Investment
Standard Chartered Brokerage Arm Hit With $330,000 Fine
By Editors | 19/12/2017
SFC investigation reveals internal control failures resulted in at least 61 regulatory breaches involving short selling, required liquid capital deficit of HKD2 billion.
Structural Regulation
China to Scrap RMB Trading Waitlist for Foreign Banks
By Samuel Riding | 14/12/2017
Move is part of a package reforms including ‘non-discriminatory ownership limit rules’ for overseas banks, but PBOC doesn’t provide timeline.
Conduct, Culture & Accountability
China Tackles Online Lending Risk with Information Platform
By Editors | 14/12/2017
More than 110 internet firms subscribe to platform which reveals corporate governance and transaction volume of online loans.
Payments & Settlements
Malaysia, Thailand and Indonesia Launch Local Currency Clearing
By Editors | 13/12/2017
Deal involving multiple regional banks, which takes effect on 2 January, will enable wider use of domestic currencies in financial investment.
Supervision & Enforcement
Hong Kong Court Confirms Legality of SFC-CSRC Information Sharing
By Editors | 12/12/2017
Judge rejects legal challenge to transfer of documents seized by SFC during execution of a search warrant to the Chinese securities regulator.
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