Emerging Prudential Risks

China State Council Issues Plans to Combat Financial Risks

05/06/2017

China’s cabinet, the State Council, last week announced details of inspections required to be carried out by regional and municipality […]

Credit Risk

RBI Intensifies Scrutiny of Banks’ Accounting

05/06/2017

SEBI (the Securities and Exchange Board of India) has asked a trio of listed banks to explain why their own […]

Structural Regulation

MAS Issues Retail Derivative, OTC Licensing Consultations

01/06/2017

MAS (the Monetary Authority of Singapore) issued a consultation paper on the regulatory framework for unlisted derivatives offered to retail […]

Anti-Money Laundering

MAS Closes Book on 1MDB

01/06/2017

Authority issues final fines against Credit Suisse, UOB; bans former employees of now-defunct private banks.

Anti-Money Laundering

HK Regulator, Police, Banks Set up Financial Crime Taskforce

28/05/2017

12-month pilot to work on ‘detection, prevention and disruption’; HKMA also joins Financial Security Expert Alliance with PBOC, Macau central bank.

KYC & CDD

Indonesia Ends Banking Secrecy

18/05/2017

Tax authorities can now access accounts held by Indonesian citizens and foreigners.

Cybersecurity

HK SFC Launches Broker Cybersecurity Consultation

09/05/2017

Cybercrime rapidly becoming a top priority of Asia Pacific regulators.

Clearing & Post-Trade

ESMA to Cooperate with New Zealand Regulators on CCPs

20/04/2017

MoU recognises New Zealand’s CCPs as able to provide clearing to EU clearing members, trading venues.

Credit Risk

Australia Cracks Down on Interest-Only Loans

03/04/2017

ASIC and APRA separately announce measures against interest-only lending.