BCBS Set to Finalise Last Two Elements of Global Policy Agenda

16/10/2017

BCBS secretary general tells IMF it will publish step-in risk guidelines next month, leaving capital output floor as final element of policy agenda.

Market Infrastructure

US, Europe Agree Margin Requirement, Trading Venue ‘Comparability’

16/10/2017

Swap dealers or major market participants subject to EC margin rules can assume ‘substituted compliance’ when dealing in US.

PBOC Completes Algorithm Testing on Digital Fiat Currency

16/10/2017

Central bank leading the race to create world first amid ongoing clampdown on virtual currency exchanges and coin offerings.

AML / KYC

FIs No Longer Have to Verify Client Addresses for AML/CTF – HKMA

12/10/2017

AML/CTF regulations to be changed; banking regulator says any current absence of address verification will be seen as justified.

Securities / Derivatives

SGX to Revamp Securities Trading, Market Practice Rules

11/10/2017

Proposed market practice rules would end requirement that senior managers pre-approve staff to trade so long as customer information is protected.

AML / KYC

Hong Kong-China to Share Stock Connect Broker, Trader Names

11/10/2017

SFC chief says move will enhance market transparency and surveillance, and improve efficiency in cracking down on malpractice.

AML / KYC

China Banking Regulator Doubles Down, Again, on Systemic Risk

11/10/2017

CBRC says failure of regulators to identify risks amounts to ‘dereliction of duty’; urges lenders to sort out non-performing loans.

Capital / Liquidity

Official Media Confirms China Bitcoin Ban Only Temporary

09/10/2017

Xinhua says authorities will introduce a licensing programme and stricter AML rules for cryptocurrency exchanges; ICOs also to become regulated.

Fintech / Regtech

Singapore Enters 2nd Phase of Blockchain-based Payments Trial

09/10/2017

Trial has already been completed on interbank transfers; blockchain programme will be extended to include securities sector as well as payments.