Articles by Editors, Regulation Asia
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55Capital RegulationMAS Raises Bank Deposit Insurance Protection 50pc
May 21, 2018Deposit Insurance Scheme coverage to increase to protect up to SGD75,000 per depositor, up from SGD50,000, starting from 1 April 2019.
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90Asia-PacificUPDATED – Myanmar Approves Formation of First Credit Bureau
May 18, 2018Joint venture between banks association and Singapore-based ACB Holdings to establish credit bureau will enable banks to better assess loan risks.
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70ChinaChina Fines Three Banks a Combined CNY180 million
May 10, 2018China’s banking and insurance regulator has imposed fines on China Merchants Bank, Shanghai Pudong Development Bank and Industrial Bank for various violations.
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57Australia & NZCBA Settles Bank Rate Manipulation Charges for A$25mn
May 10, 2018The bank acknowledges it manipulated bank bill swap rates on five occasions and indulged in “unconscionable conduct” in its A$25 million settlement...
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77AML / KYC
MAS Hits Former Credit Suisse Banker with Prohibition Orders
May 7, 2018Former representative deliberately concealed identity of beneficial owner on three accounts, making it difficult for the bank to monitor and detect suspicious...
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60IndiaSEBI Issues New Risk Management Guidelines for Derivatives
May 4, 2018Guidelines to take effect in June specify margin calculation methods, collection and enforcement norms, and method of calculation of trading and clearing...
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76Asia-PacificIndonesia Scraps Margin Call Requirement for Options
May 4, 2018OJK amended rules for trading in options, doing away with the 10% margin call requirement. The move is expected to stop the...
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61Australia & NZ
CBA Ordered to Boost Capital Until Governance Improves
May 3, 2018Prudential inquiry reveals widespread complacency, inadequate risk management, unclear executive level accountabilities, among other failings at the bank.
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106Feature
Singapore to Mandate Central Clearing of OTC Derivatives
May 3, 2018Mandatory clearing to apply to SGD and USD fixed-floating interest rate swaps; applicable to banks with OTC derivatives exceeding SGD20 bn.
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97Capital RegulationPBOC Announces Stricter Asset Management Rules
May 3, 2018New rules include leverage limits, a ban on implicit guarantees, risk reserve provisioning amounting to 10% of management fees; transition period for...
