Securities / Derivatives

Shanghai, Shenzhen Bourses Draft Compulsory Delisting Rules

16/03/2018

False, misleading or fraudulent listing, restructuring documents or other disclosures including annual reports will trigger the delisting mechanism.

Fintech / Regtech

MAS to Streamline Data Submissions, Reduce Burden for FIs

16/03/2018

Financial institutions will be allowed to decline MAS requests for previously-submitted data; new regulatory returns to be submitted in machine-readable formats.

Enforcement

MAS, CAD to Jointly Investigate All Capital Markets, Financial Advisory Offences

14/03/2018

MAS and CAD will consolidation investigative resources and expertise for all capital market and financial advisory offences, effective 17 March.

Enforcement

S. Korea FSS Chief Resigns Amid Hiring Scandal Allegations

13/03/2018

Choe Heung-sik denies allegations he helped a friend’s son get a job while he was president of Hana Financial Group; resigns anyway.

Fintech / Regtech

South Korea’s FSC Proposes Fintech Link with Indonesia

10/03/2018

Choi Jong-koo also lobbies to allow Korean firms to expand their business remits in the Southeast Asian country.

Securities / Derivatives

Vietnam Announces Risk Hedging Rules for Warrant Issuers

09/03/2018

Hi Chi Minh Stock Exchange to launch covered warrants in late March; issuers required to hold adequate underlying securities and submit daily reports to the exchange.

Enforcement

Sri Lanka to Bail Out Finance Company Depositors

09/03/2018

The central bank has cancelled troubled finance company CIFL’s licence and doubled the maximum deposit insurance payout for each depositor.

AML / KYC

Credit Reporting Regime Must Be Fair: ABA

09/03/2018

Banking association says new regime needs a way to flag special circumstances in credit histories to prevent discrimination against customers.

AML / KYC

New Initiative to Help Boost Correspondent Banking Relationships

08/03/2018

Wolfsberg Group Questionnaire has potential to reduce costs associated with KYC application and streamline the establishment and maintenance of correspondent banking relationships.