Markets should expect the G20 reform commitments to continue to inform regulatory changes, and more equivalence decisions.
Panellists at OTC Derivatives Summit Asia eye the next phase of regulation.
More immediate regulatory issues are taking precedent, but trading book review still warrants attention.
Five of 8 APAC jurisdictions covered in report have yet to legislate for Pillar 3 disclosure requirements.
Securities regulator also planning new investment management risk guidelines.
Advisers have 6 months to meet new licensing regulations including capital, audit and accounting, and conduct requirements.
Saigon Commercial Bank already in talks but regulation could still prove a hindrance, CEO says.
Agency is also considering stiffer rules on banks’ provision of taxpayer information.
Accounts will have easier KYC and low balance requirements in bid to boost financial inclusion.
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