AML / KYC

Wolfsberg Group Publishes New Guidance on Sanctions Screening

29/01/2019

It aims to show where sanctions screening can be an effective part of a wider sanctions compliance programme, where it has limitations, and where a risk based approach is appropriate.

Big Picture

IMF Commends Hong Kong for Robust Financial Regulation and Supervision

28/01/2019

The IMF has assessed that robust financial regulation and supervision should help Hong Kong weather domestic and external shocks despite growing risks to the city’s outlook.

China Appoints Veteran Banker to Head Securities Regulator

28/01/2019

In an unexpected reshuffle, ICBC chairman Yi Huiman has replaced Liu Shiyu as head of the China Securities Regulatory Commission.

Securities / Derivatives

HKEX Seeks Faster Time-to-Market for IPOs

28/01/2019

The exchange is considering shortening the time it takes to price new shares and to bring pricing closer to the market trading, to address concerns that stocks tend to fall sharply after listing.

Market Infrastructure

SEBI Grants QCCP Status to Gift City Clearing Corporations

28/01/2019

India International Clearing Corporation (IFSC) Limited and NSE IFSC Clearing Corporation – wholly owned subsidiaries of the BSE and NSE, respectively – have been granted qualifying central counterparty status.

Securities / Derivatives

China to Grant More Foreign Firms Majority Ownership in Securities

28/01/2019

“In the next six months you will see more licences being granted,” CSRC vice chairman Fang Xinghai told Bloomberg on the the sidelines of the World Economic Forum in Davos.

Market Infrastructure

ICE White Paper Introduces New LIBOR Alternative

28/01/2019

The ‘US Dollar ICE Bank Yield Index’ is fully transaction-based and designed to measure the yields at which investors are willing to invest US dollar funds on a wholesale, unsecured basis.

Capital / Liquidity

PBOC Enhances Liquidity Support for New Perpetual Bond Market

28/01/2019

Perpetual bonds can be swapped for central bank bills and serve as eligible collateral for PBOC lending. Bank of China issuance was more than 2x oversubscribed.

Enforcement

Vietnam’s SSC to Beef up Handling of Stock Market Violations

25/01/2019

The SSC is coordinating with Vietnam’s Ministry of Public Securities to ensure violators face criminal charges in addition to the existing administrative sanctioning regime.