Structural Regulation

Korean Banks Under Fire for ‘Excessive’ Fees

12/07/2017

FSS figures show banks have made $57.6bn from fees since 2013; President Moon pledged to tackle issue of excessive fees but no action has been taken yet.

Anti-Money Laundering

Japan FSA Probing AML Compliance at Regional Banks

12/07/2017

Regulator concerned rules introduced last October are not being executed consistently as regional and other smaller banks deal with increasing number of international transactions.

CBDCs

Slim Chance of China Making Bitcoin a Currency, PBOC Adviser Says

11/07/2017

Sheng Songcheng says bitcoin lacks ‘fundamental attributes’, but advocates government-derived virtual currency as Beijing-based institute researches blockchain and related financial technologies.

Trading & Investment

Malaysia Introduces Capital Market Competency Guidelines

10/07/2017

Malaysian regulators aim to improve the competitiveness of the domestic capital markets by enhancing the soft and hard skills and professional ability of local banking executives.

Resolution & Recovery

HK Beats Singapore to Resolution Regime

10/07/2017

HKMA narrowly outpaces Singapore rival to enacting regime; becomes lead resolution body with responsibility for securities and insurance as well as banking.

Market Abuse

China Regulators Target ‘Rat’ Traders

10/07/2017

Ministry of Public Security says it has uncovered 80 cases of the form of insider trading since 2014. CSRC to use big data as it continues crackdown.

Credit Risk

Australian Bank Reacts to Regulatory Clampdown on Consumer Debt

07/07/2017

Move by banking unit of country’s largest financial group to stop mortgages being used for personal use expected to be followed by other lenders.

Market Abuse

US Regulators Flex Muscles in Asia

06/07/2017

Grip could be set to get even tighter if DOJ proposals on accessing documents, expanding AML predicates are implemented.

Resolution & Recovery

MAS Takes Next Step Towards Increased Powers

06/07/2017

Bill would allow regulator to compel firms to prepare recovery plans, enforce mandatory bail-ins for failing institutions.