Clearing & Post-Trade

Euroclear to Establish Link with China Interbank Bond Market

10/09/2019

The link will seek to simplify the process for foreign investors accessing the China interbank bond market and bring its cross-border settlement mechanism in line with global standards.

Structural Regulation

China to Scrap QFII, RQFII Quota Restrictions

10/09/2019

SAFE has announced it is removing its QFII and RQFII quota restrictions, as well as the country and region requirements for both schemes.

Structural Regulation

RBI Panel Offers Path to Develop Home Loan Securitisation Market

10/09/2019

A new intermediary should be created to standardise the underlying mortgage loans, underwriting guidelines and loan servicing standards, the panel says.

Trading & Investment

KiwiSaver Reform is Key to Boosting NZ Capital Markets: Report

10/09/2019

Sponsored by the FMA and NZX, an industry working group has recommended changes to the KiwiSaver scheme, saying it will become the predominant pool of retirement savings over time.

Supervision & Enforcement

Tribunal Overturns SEBI Order Banning PwC from Auditing

10/09/2019

The Securities Appellate Tribunal cited a lack of evidence against PwC, and said SEBI had no jurisdiction to impose the ban in the first place.

Credit Risk

Japan Regulators Seek Data on Financial Firms’ Risky Investments

10/09/2019

The BOJ and FSA are collecting data on financial firms’ holdings of collateralised loan obligations and leveraged loans to understand the risks they present.

Operational Risk

CBIRC Tightens Rules on Insurers’ Related-Party Transactions

10/09/2019

The CBIRC says some insurance companies have allowed their subsidiaries to use the insurers as “ATM machines”, causing “severe risks and social impact”.

Capital Adequacy

APRA, RBNZ Approaches to Bank Capital Incompatible

10/09/2019

Citi banking analyst Brendan Sproules says APRA and the RBNZ “are pursuing radically contrasting approaches to bank sector capital adequacy”.

Anti-Money Laundering

Malaysia Association Joins APAC RegTech Network

10/09/2019

The APAC RegTech Network was established by the regtech committees of the fintech associations of Hong Kong, Japan and Singapore in May.