Payments & Settlements

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.

Trading & Investment

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.

Supervision & Enforcement

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.

Supervision & Enforcement

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.

Structural Regulation

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.

Emerging Prudential Risks

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.

Fraud, Scams & Cybercrime

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.

Custody & Infrastructure

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.

Anti-Money Laundering

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.