United States

Market Infrastructure

Shanghai’s New Technology Board Attracts Fund Manager Interest

By Editors | 28/02/2019

CSRC says at least 9 fund managers are seeking approval to issue equity investment products on the new board, which could be launched within the first half of this year.

Capital / Liquidity

More CCP Capital Leads to More Prudent Risk Management – BIS Paper

By Manesh Samtani | 26/02/2019

For-profit CCPs have incentives that are misaligned with financial stability, typically holding less capital and requiring less from clearing members than is optimal, says a BIS working paper.

Crypto / Digital Assets

Thailand to Allow Scripless Issuance, Tokenisation of Securities

By Editors | 26/02/2019

The National Legislative Assembly has endorsed an amendment that will enable the scripless issuance and tokenisation of primary market securities, as early as this year.

Securities / Derivatives

CSRC Seeks to Control Speculation on Shanghai’s New Tech Board

By Editors | 15/02/2019

Amid concerns of volatility when the new board launches, Chinese regulators reportedly convened a meeting with industry participants seeking views on measures to control market hype.

Enforcement

US SEC Charges Deloitte Japan for Auditor Independence Violations

By Editors | 14/02/2019

Deloitte Japan agreed to pay $2mn to settle charges related to audit reports it issued while dozens of its employees maintained financial relationships with the audit client.

Fintech / Regtech

FSB Chair Focused on Assessing Reform Effects, New Risks

By Garima Chitkara | 12/02/2019

The FSB is launching new studies to assess the impact of post-crisis reforms while actively working to identify new sources of risk to the financial sector.

AML / KYC

UPDATED – Bangladesh Bank Files New York Lawsuit over Cyber Heist

By Editors | 04/02/2019

Bangladesh Bank has filed a $66mn lawsuit against Philippines-based RCBC and others over the 2016 bank heist, where hackers stole $101mn from its account with the New York Fed.

Market Infrastructure

Asia Region Funds Passport Goes Live

By Editors | 03/02/2019

Japan, Thailand, Australia ready to receive applications from prospective ARFP funds; New Zealand, S. Korea making progress on legal and regulatory requirements.

Securities / Derivatives

China Consults on Rules for Shanghai’s New Science and Technology Board

By Editors | 31/01/2019

New rules under consultation cover auditing, issuance, listing, underwriting, trading and supervision of companies listed on the SSE’s new science and technology board.