Trading & Investment

Direct Access to India’s Mutual Fund Houses Lowers Fees for Investors

11/08/2015

Fund houses in India are focusing on directly selling their mutual fund schemes to investors, thereby lowering fees by cutting out distributors.

Fraud, Scams & Cybercrime

HKMA Cautions Banks on Malpractice by Intermediaries and Sales Agents

10/08/2015

The Hong Kong Monetary Authority has issued a circular to banks requiring them to enhance customer protection and mitigate reputational risk arising from possible malpractices of intermediaries or sales agents.

Structural Regulation

China to Inspect Online Equity Crowdfunding Platforms

10/08/2015

The China Securities Regulatory Commission will soon begin inspecting online equity financing platforms to address risks brought by illegal activities and help the platforms better serve the real economy.

Market Data & Technology

IOSCO Seeks Greater Post-Trade Transparency for Credit Default Swaps

10/08/2015

The International Organization of Securities Commissions publishes its final report on mandatory post-trade transparency for the CDS market.

Anti-Money Laundering

India Seeks Transparency from Offshore Wealth Managers

10/08/2015

The Securities and Exchange Board of India has asked international wealth managers to register their offshore units with the regulator if they are soliciting business in India.

Emerging Prudential Risks

Pakistan Drafts Regulatory Framework for D-SIBs

10/08/2015

The State Bank of Pakistan has designed a regulatory framework for identifying and overseeing the nation’s Domestic Systemically Important Banks, as part of its commitment to ensure stability of financial system and further strengthen the supervisory and regulatory regime.

Cryptocurrency

Japan to Introduce Registration System for Virtual Currency Exchange Operators

07/08/2015

Japan’s Financial Services Agency is considering introducing regulations for trading bitcoins and other virtual currencies, possibly through a registration system for operators.

Trading & Investment

China Plans Initiatives to Boost Bond Market

07/08/2015

China’s National Development and Reform Commission says it will further develop the bond market using initiatives to boost debt funding for infrastructure projects which will also server to boost the economy.

Credit Risk

China Further Opens Distressed Market to Asset Managers

07/08/2015

China’s Ministry of Finance has granted “bad bank” licences to three asset management companies (AMCs) allowing them to buy non-financial distressed assets from corporates directly.