Emerging Prudential Risks

Financial Stability Risks Remain Under Control – PBOC

05/11/2018

PBOC Financial Stability Report says new rules will be unveiled in the first half of 2019 aimed at boosting regulatory oversight over financial holding groups.

Credit Risk

RBI Permits Banks to Provide Credit Enhancements to NBFC Bonds

05/11/2018

Banks can act as partial credit guarantors on bonds issued by NBFCs and HFCs to refinance existing debt, enhancing their credit ratings and making them more attractive to investors.

Payments & Settlements

SEBI to Introduce UPI Payment Option for Retail IPO Investors

02/11/2018

Enabling the UPI for retail investors subscribing to public share issues through intermediaries will cut IPOs listing times from six to three days, according to local media reports.

Anti-Money Laundering

FATF Issues Guidance on Securities Sector Risk-based Approach

02/11/2018

The guidance supports the design and implementation of the risk-based approach for securities products and services, which can create opportunities for criminals to launder proceeds of crime.

Conduct, Culture & Accountability

New Financial Complaints Body Launches in Australia

02/11/2018

AFCA will influence reform in financial services by raising standards and improving internal practices to reduce and resolve disputes, said the body’s independent chair Helen Coonan.

Conduct, Culture & Accountability

AIMA Publishes FMCC Implementation Guide

01/11/2018

AIMA, Clifford Chance and Herbert Smith Freehills designed the guide to help Hong Kong asset managers better understand the expectations placed upon them and their constituents.

Anti-Money Laundering

Malaysia has ‘Robust’ AML/CFT Framework – APG-FATF

01/11/2018

More actions needed to further strengthen the framework, including a greater focus on terrorist financing risk from the private sector and foreign source threats.

Structural Regulation

MAS, CSRC Enhance Cooperation on Capital Markets, Derivatives

01/11/2018

The derivatives MoU will enhance cross-border supervision and the development of futures markets, while staff exchanges will deepen ties between the agencies.

Clearing & Post-Trade

HKEX Develops Blockchain Prototype for Northbound Trade Settlement

01/11/2018

HKEX will work with Digital Asset to introduce the first blockchain platform for financial services in Hong Kong, said Charles Li in a speech at Hong Kong Fintech Week.