Market Infrastructure

Japan, Singapore Developing Cross-border DLT Trade Prototype

07/12/2017

Mitsubishi UFJ- NTT DATA  distributed ledger expected to make cross-border flows more secure through single, unified platform.

Market Infrastructure

China Introduces New Risk Management Rules for Exchange Members

07/12/2017

New rules, which go into effect on 1 June next year, include restrictions on buy-in of securities companies, fund companies and other participants.

AML / KYC

HK SFC Sees Criminal Charges Surge

07/12/2017

Securities regulator laid 42 charges in 6 months to end-September this year, up 180% from same period in 2016, but commenced far fewer investigations.

Capital / Liquidity

Australia to Kick off Long-awaited Royal Commission into Financial Sector

04/12/2017

Inquiry to look into alleged misconduct in financial sector welcomed by banks, securities regulator, but not superannuation scheme operators.

AML / KYC

HK SFC, CSRC Agree Investor ID System for Northbound Stock Connect

04/12/2017

SFC says Northbound scheme will be followed by Southbound investor identification, eventually spread to all SEHK investors.

Capital / Liquidity

MAS Warns of ‘Medium-term’ Cross-border Financial Stability Risks

04/12/2017

Annual report into stability of financial system says domestic and regional lending improving, no signs of credit market overheating.

Enforcement

China Minsheng Bank Hit with $4mn Fine for Selling Fake WMPs

04/12/2017

Case of $249mn in fake products first exposed when customer went to branch to redeem WMP which did not actually exist.

Crypto / Digital Assets

Malaysia Trialling Blockchain-based Unlisted, OTC Markets

04/12/2017

Distributed ledger trial will form basis of technology architecture, software functions and development standards to underpin markets.

AML / KYC

Report Sets out Macau AML/CTF Weaknesses

03/12/2017

Asia Pacific Group says authorities have not yet grasped cross-border AML risks, but praises use of intelligence to produce suspicious transaction reports.