China backs away from new e-commerce rules; China clarifies tax position for foreign bond holders; AML probe deepens on Japanese bank; RBA takes aim at bank profits; MAS grants first private securities platform licence
Regulators appear set to crank up AML/CTF and sanctions-related work and now have their eye on individuals too. But with the rise of China, regulators will have their work cut out for them.
More than half of one bank’s trade clients are adjusting their supply chains in response to trade tensions. The straw poll showed that while many clients are still evaluating the impact on their business, most are ...
It’s not often that senior public figures admit mistakes in China, but central bank governor Yi Gang has issued a rare ‘mea culpa’ over the country’s private sector policies
Singapore may have scrapped the idea of a centralised database to facilitate KYC checks for now but an advisory body in Hong Kong says the government might not even need one.
China’s central bank is contemplating ways to make life easier for digital traders to make cross-border payments and reduce the risk of fraud, CT understands
Japan grants cryptocurrency body regulatory powers; blockchain firms in China need to register identities; Trading begins at Shenzhen-based HKEx owned commodities exchange.
European banks are still mired in problems of how to offer competitive notional pools to clients. New regulation is set to change this, but not until 2020.
Hong Kong’s securities regulatory chief Carlson Tong Ka-shing may be on the way out, but he has signalled that cryptocurrencies have a future in the city even if there’s still a long road ahead for crypto compliance
