Latest News
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Securities & Trading
Vietnamese Bank Joins SWIFT’s KYC Registry
Editors, Regulation Asia July 22, 2015SWIFT has announced that Vietnam Bank for Agriculture and Rural Development has joined the Know Your Customer Registry.
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China
China to Grant Broker Licenses to Banks in Pilot Programme
Editors, Regulation Asia July 21, 2015China may grant commercial banks stock broker licenses in a pilot programme allowing mainland lenders to conduct mixed business.
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Hong Kong
SFC Consults on Proposes Changes to Financial Resources Rules
Editors, Regulation Asia July 21, 2015The Securities and Futures Commission has released a consultation paper on proposed changes to the Securities and Futures (Financial Resources) Rules relating to capital and other prudential requirements for licensed corporations engaged in over-the-counter derivatives activity.
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Australia & NZ
Aussie Banks Required to Hold More Capital against Mortgages
Editors, Regulation Asia July 21, 2015The Australian Prudential Regulation Authority has increased the average risk weights for Australian residential mortgage exposures from 16 percent to 25 percent.
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China
China Announces Guidelines for Internet Finance
Editors, Regulation Asia July 21, 2015China has issued stricter guidelines to regulate Internet finance, calling for enhanced supervision of the sector while also pledging to support its development.
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Countries
Singapore Regulator Reiterates Commitment Against Money Laundering and Terrorism Financing
Editors, Regulation Asia July 20, 2015The Monetary Authority of Singapore has outlined Singapore's anti-money laundering regime, reiterating its commitment to safeguarding its financial system.
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China
Vice Finance Minister says China Must Learn from Market Plunge
Editors, Regulation Asia July 20, 2015Zhu Guangyao believes that the supervision and the development of new regulatory frameworks will make it possible to weather any future market turbulence.
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China
China Targets Trading Platforms to Curb Unauthorised Margin Lending Channels
Editors, Regulation Asia July 20, 2015The China Securities Regulatory Commission is tightening oversight of the widely-used HOMS trading platform, which is seen to have facilitated stock investors borrowing money outside approved margin lending channels and aiding recent wild fluctuations on the A-share market.
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India
India Cracks Down on Erroneous Trades and Annulment Requests
Editors, Regulation Asia July 20, 2015The Securities and Exchange Board of India has issued a circular asking stock exchanges to penalise brokers placing erroneous orders and to discourage frivolous trade annulment requests.
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International
FSB Approaches Regulation of Asset Managers Cautiously
Editors, Regulation Asia July 19, 2015The Financial Stability Board has said it would focus on addressing risks to market liquidity posed by the activities of asset managers rather than on imposing capital and liquidity requirements on the institutions themselves.
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