Capital Adequacy

Australia to Loosen Fundraising Rules for Mutuals in Bid to Boost Competition

09/11/2017

Credit unions, building societies will be able to raise funds without having to forego their status as customer-owned entities.

Structural Regulation

China Playing Catch-up on Hedge Fund Data Sharing – IOSCO

09/11/2017

Although China has set up supervisory mechanisms, it has not yet established an information sharing mechanism to help establish global systemic risk.

Trading & Investment

China to Make New Moves to Increase Foreign Participation in Financial Markets

09/11/2017

Wu Qing, chairman of Shanghai Stock Exchange, calls for greater liberalisation; PBOC official  says to consider lowering access thresholds.

Structural Regulation

Singapore and China Regulators to Increase Mutual Market Supervision

06/11/2017

Regulators will develop framework for supervising fund managers, share information and staff amid increasing capital market ties.

Credit Risk

India to Require Biggest Corporate Borrowers to Use LEIs

06/11/2017

Corporate borrowers which do not satisfy LEI requirement will not be allowed any more credit amid continued efforts to clean up bad debt.

Liquidity Risk

IOSCO Affirms China, Japan have Completed Framework for MMF Reform

06/11/2017

China has implemented rules governing money market fund valuations, liquidity and stable net asset value since last report.

Anti-Money Laundering

China to Clampdown on Money Laundering via Property Market

06/11/2017

**Developers to conduct due diligence checks on sources of funding, buyers must use their own accounts to make property purchases in AML drive.
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Conduct, Culture & Accountability

Hong Kong Sets out Internal Audit Requirements for Authorised Institutions

02/11/2017

HKMA says audit functions must be separate from risk and compliance; will only allow outsourcing ‘under very limited circumstances’.

Anti-Bribery & Corruption

1MDB Saga Rumbles on in Singapore with Bans for Ex-Maybank, NRA Capital Staff

02/11/2017

Individuals banned for six years after conviction for 1MDB-related bribe; former representative of BSI Bank faces lifetime ban.