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Structural Regulation
Trade Deal to Enable Early Entry of US Firms to China
By Manesh Samtani | 16/01/2020
Under the agreement, the December timeline for China’s removal of foreign ownership limits in the securities sector is brought forward to April.
Anti-Money Laundering
MAS Publishes Responses to VCC Consultation Papers
By Editors | 16/01/2020
VCCs are required to engage an Eligible Financial Institution, or EFI, to perform necessary AML/CFT checks and maintain the register of controllers, nominee directors and beneficial owners.
Clearing & Post-Trade
ISDA Chief Calls for Certainty on China Close-out Netting
By Manesh Samtani | 16/01/2020
The lack of legal certainty and judicial recognition on close-out netting can impede capital market development in China, impacting domestic FIs the most, ISDA’s Scott O’Malia said.
Cryptocurrency
Japan FSA to Limit Crypto Leverage to 2x Deposits – Report
By Editors | 15/01/2020
The rule will be stricter than the 4x leverage limit imposed by the Japan Virtual Currency Exchange Association, the industry’s self-regulatory organisation.
Structural Regulation
US Finalises Rules Expanding Foreign Investment Review Process
By Editors | 15/01/2020
Foreign investors will be subject to the CFIUS national security review process even for deals to take a non-controlling interest in certain US companies.
Emerging Prudential Risks
Vietnam Central Bank, Two Others Invited to Join BIS Membership
By Editors | 14/01/2020
The central banks of Vietnam, Kuwait and Morocco have been invited to become BIS members, the first expansion of its member base since 2011.
Credit Risk
RBI Imposes Restrictions on Another Cooperative Bank
By Editors | 14/01/2020
Sri Guru Raghavendra Sahakara Bank is not allowed to grant or renew loans and advances, make investments, borrow funds or accept fresh deposits.
Resolution & Recovery
Sri Lanka to Enact New Banking Act in 2021
By Editors | 10/01/2020
The new Banking Act will streamline the licensing process, branch approvals, and adopt a proportionality framework for banking regulations, among other changes.
Capital Adequacy
12 Banks Fail to Meet Bangladesh Capital Requirement
By Editors | 10/01/2020
The total capital shortfall among the 12 banks was reported to be over $2bn as of the end of September, amid rising bad loans in the banking sector.
Emerging Prudential Risks
PBOC Sets Out Policy Priorities for Year Ahead
By Editors | 10/01/2020
The PBOC has announced key policies and tasks for 2020, following an annual work conference held last week in Beijing.
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