AML / KYC

HKMA Proposes Open APIs for Financial Services

15/01/2018

Consultation suggests it could take just six months for banks to develop APIs including their product and service information.

Capital / Liquidity

EBA Publishes Final Disclosure Requirements for IFRS 9 Transitional Arrangements

14/01/2018

Uniform disclosure template ensures consistency and comparability of data disclosed by institutions during the transition to full IFRS 9 implementation.

Capital / Liquidity

Australia Licences Seven Crowd-Funding Intermediaries

14/01/2018

Eligible public companies can raise up to AUD 5 million in funds through equity crowdfunding and will face fewer regulatory requirements for fundraising.

AML / KYC

Registration with Financial Information System Compulsory – Indonesia Regulator

11/01/2018

Move will require all financial services firms operating in the country to provide customers identification and tax details to the regulator by 2022.

Capital / Liquidity

China Tightens Rules for Bond Traders

08/01/2018

Informal transactions will no longer be allowed; market participants will need to sign written agreements.

Market Infrastructure

Indonesia to Establish Derivatives CCP

03/01/2018

Centralising counterparty risk at a clearinghouse will make derivative products offered by Indonesian financial institutions more competitive.

Market Infrastructure

India Overhauls Credit Rating Agency, Fund Sponsor Regulations

02/01/2018

Securities regulator increases net worth requirement for agencies, requires separate legal entities for ‘non-core business’.

Capital / Liquidity

HSBC, StanChart Only HK Stocks to Fall Under MiFIR

29/12/2017

Only two Hong Kong-listed stocks have sufficient EU volume to comply with MiFIR trading obligations.

Fintech / Regtech

Foreign Vendors Dominate Bangladesh Banking Tech

27/12/2017

Although foreign software costs more and regulatory change cannot be adopted instantly, banks prefer them for their functionality and flexibility.