Capital Adequacy

China to Relax Capital Raising Rules for Unlisted Banks

02/12/2019

The requirement for small lenders to sell shares in the OTC markets before issuing preferred shares has been removed to allow them to more easily raise capital.

KYC & CDD

OECD Hails Global Anti-Tax Evasion Efforts as ‘Unprecedented Success’

02/12/2019

Last year saw nearly 90 jurisdictions automatically exchange information on 47 million financial accounts, covering total assets of $4.9tn.

Structural Regulation

Japan Set to Consult on Reorganisation of TSE Boards

02/12/2019

The TSE will consult on the criteria for companies to move to the First Section, and measures to enhance the independence of listed subsidiaries from their parent companies.

Structural Regulation

SEBI Lists Permissible Jurisdictions for Depository Receipts Issuance

02/12/2019

Indian companies will be allowed to issue depository receipts on exchanges in the US, Japan, Korea, the UK, France, Germany, Canada, and India’s own international financial centre known as Gift City.

Structural Regulation

Haymarket Enters into Strategic Partnership to Further Develop Regulation Asia

29/11/2019

Through this partnership, both firms can look to strengthen their editorial expertise with the goal of providing their respective audiences with deeper coverage on critical issues.

Market Risk

BCBS Proposes Revisions to Basel III CVA Risk Framework

29/11/2019

The proposed revisions aim to align the CVA framework with the final market risk framework, and to adjust the scope of portfolios subject to CVA risk capital requirements.

Market Abuse

Third Individual Jailed in SGX Derivatives Spoofing Case

29/11/2019

The former proprietary trading firm director furnished a false statement to SGX Derivatives Trading with the intent of deceiving it about trading activities in futures contracts.

Conduct, Culture & Accountability

Employee Credit Checks by FIs Are Appropriate: MAS

29/11/2019

It is entirely appropriate for FIs to assure themselves that their employees and representatives are in good financial standing, the MAS says.

Conduct, Culture & Accountability

CBA’s CommInsure Penalised A$700,000 for Hawking Offences

29/11/2019

The penalty follows last week’s guilty plea from CommInsure for conducting insurance sales by phone, where the customers had not requested to be contacted.