Conduct, Culture & Accountability

Fund Managers to Remain in Regulatory Spotlight in 2020: Moody’s

10/12/2019

Asset managers will remain in the regulatory spotlight as authorities actively work to reduce conflicts of interest in financial advice and elevate supervision of fund liquidity management.

Credit Risk

Hong Kong Introduces New Loan Guarantee Scheme for SMEs

10/12/2019

LegCo has approved HK$33bn in funding to provide 90% guarantees on approved loans taken out by eligible enterprises and professionals seeking to set up their own practices.

Anti-Bribery & Corruption

Former CSRC Shandong Official Expelled from CCP For Graft

10/12/2019

Xu Tie was placed under investigation earlier this year, 6 years after his retirement from the Shandong bureau of the CSRC.

Credit Risk

ASIC Offers Clarity on Responsible Lending Obligations

09/12/2019

ASIC has clarified when a licensee might undertake more or less detailed inquiries and verification steps based on different consumer circumstances and the type of credit being sought.

Clearing & Post-Trade

ESMA Recognises India’s MCX Clearing Corp as Third Country CCP

09/12/2019

The recognition allows European participants to apply lower risk weights on their exposures to MCX CCL, which will translate to lower capital requirements.

AI Risk & Governance

Beijing to Pilot Fintech Regulatory Framework

09/12/2019

The pilot will allow the PBOC to explore regulatory tools that it can use as part of a nationwide supervisory framework for fintech.

Alternative Markets

SEBI Proposes Mandatory Benchmarking of Alternative Investment Funds

09/12/2019

Alternative investment funds with at least a three-year track record will have to be benchmarked against industry peers and their performance disclosed to investors.

Market Data & Technology

MiFID II Has Not Delivered Lower Market Data Costs: ESMA

09/12/2019

ESMA is calling for a real-time consolidated tape for equity instruments to improve transparency and remedy the fragmentation in European capital markets.

Structural Regulation

HKEX Reviews Listing Regime for Debt Issues to Professional Investors

09/12/2019

HKEX wants to raise the minimum net asset requirement for issuers from HK$100mn to HK$1bn, and to introduce a minimum debt issuance size of HK$100mn, among other proposals.