Market Data & Technology

CPMI, IOSCO Consult on Governance of OTC Derivatives Data

20/08/2018

New consultative document identifies key criteria, functions and bodies for the governance arrangements for critical OTC derivatives data elements data, other that UTI and UPI.

Credit Risk

China Seeks ‘Bad Bank’ AMCs’ Help to Resolve P2P Crisis

20/08/2018

The government is asking the 4 state-owned asset managers set up in 1999 to repair bank balance sheets for help with custody, liquidation and restructuring of P2P assets.

Credit Risk

China Banks Holding Bad Loans in Record Numbers

16/08/2018

Loans classified as non-performing jumped to $284bn at banks, up 10% during the second quarter. Banking regulator says asset quality is “stable”.

Market Abuse

UPDATED – CSRC Hits Celebrity Trader with $260mn Market Manipulation Penalty

13/08/2018

Celebrity trader Gao Yong used his control over 16 securities accounts to manipulate stock prices, profiting by almost CNY 900 million in just six months.

Structural Regulation

Stock Connect ID System for Northbound Trades Slated for September Launch

13/08/2018

Northbound investor ID system is scheduled to be implemented on 10 September, pending market readiness and regulatory approval, and will not affect the business of existing market participants.

Capital Adequacy

Indian Government Urges RBI to Ease Bank Capital Rules

10/08/2018

Under Basel III rules, banks would need to hold CET1 capital of 4.5% of RWAs, compared to the 4.5% now required of Indian banks.

Clearing & Post-Trade

CFTC to Simplify Registration Exemption Process for non-US Clearing Firms

10/08/2018

CFTC proposal seeks to make it easier for non-US firms to navigate the process for obtaining exemptions from registration as derivatives clearing organisations.

Trading & Investment

China Approves Asset Managers to Offer Target Pension Products

09/08/2018

Fourteen asset managers have received approval to launch pension target funds, which will improve A-share liquidity and offer consumers more pension management alternatives.

KYC & CDD

PBOC Imposes More Fines on Payments Firms

09/08/2018

Alipay, Union Mobile Financial Technology, and Gopay.com were fined more than a combined $11 million for various breaches in payment services regulation.