Cryptocurrency

Malaysia Clarifies Regulatory Treatment of Cryptocurrencies

07/12/2018

ICO issuers and digital asset exchanges will be regulated by the Securities Commission and subject to AML/CTF guidelines, as well as BNM laws and regulations relating to payments.

Market Abuse

Soros-Linked Fund Manager Fined in Hong Kong for Naked Short Selling

07/12/2018

SFM HK Management Ltd, owned by New York’s Soros Fund Management, was fined HK$1.5mn for short selling Great Wall Motors bonus shares before they were available for trading.

Trading & Investment

Shanghai-London Stock Connect Launch Delayed – Report

07/12/2018

The launch has reportedly been delayed in connection with a Brexit parliamentary vote and a lack of clarity from Chinese regulators on technical issues.

Anti-Money Laundering

G20 Nations Commit to Regulating Cryptocurrencies

06/12/2018

G20 nations have signed a joint declaration calling for regulation of crypto assets to combat money laundering and terrorist financing.

Payments & Settlements

SWIFT to Pilot Real-time Error Detection in gpi Payments

06/12/2018

SWIFT gpi pre-validation service will ensure preventable errors and omissions are corrected before initial payment instructions are sent, reducing delays and costs for banks.

Liquidity Risk

RBI to Reduce Statutory Liquidity Ratio Over 18 Months

06/12/2018

Starting in January 2019, the RBI will reduce the SLR holding requirement by 25 basis points every quarter until it reaches 18% in April 2020.

Structural Regulation

China Unifies Enforcement of Bond Markets Under CSRC

05/12/2018

The move to unify regulation of the bond markets under one authority is aimed at improving the overall regulatory system and preventing systemic risk.

Cybersecurity

BCBS Publishes Report on Cyber-Resilience Practices Across Jurisdictions

05/12/2018

The report identifies, describes and compares the range of observed bank, regulatory and supervisory cyber-resilience practices across jurisdictions.

Structural Regulation

SEBI Consults on Proposals to Allow Indian Firms to List Overseas

05/12/2018

An expert panel constituted by SEBI has issued recommendations that, if adopted, would enable Indian firms to list overseas and foreign companies to list directly in India.