Enforcement

Chinese Financial Regulators Vow Crackdown on Fraud

14/07/2020

The FSDC set out measures to speed up investigations and criminal prosecutions, increase penalties and civil compensation, and improve stock market delisting mechanisms.

Capital / Liquidity

RBI Directs Banks to Conduct Stress Tests, Raise Capital

14/07/2020

RBI Governor Shaktikanta Das said minimum capital requirements may not be sufficient to absorb losses and maintain financial stability.

AML / KYC

Sustainable Supply Chains and the Role Banks Play

14/07/2020

Incoming rules from the EU, UK, Singapore and Hong Kong highlight the need for banks to gain a better understanding of the third party and supply chain risks their customers face.

Market Infrastructure

ASIFMA Publishes IBOR Transition Guide for Asia

14/07/2020

The guide provides an overview of issues for FIs to consider in their LIBOR transition programmes and an implementation checklist.

ESG / Sustainability

FSDC Proposes Measures to Advance Hong Kong as ESG Hub

14/07/2020

Hong Kong needs a more coordinated policy environment and an ESG policy roadmap, to provide greater certainty and foster confidence for institutional investors, the FSDC says.

Big Picture

CPMI Publishes Stage 2 Report on Enhancing Cross-Border Payments

14/07/2020

The report identifies 19 building blocks where further joint public and private sector work could enhance cross-border payments.

Capital / Liquidity

CBIRC Warns of Worsening Asset Quality, Rising Bad Loans

13/07/2020

NPLs will appear in the next period and rise, the CBIRC said, citing deteriorating asset quality, accumulated risks and weaker profitability at small and medium-sized banks.

Market Infrastructure

OCBC Launches First SORA-based Home Loan Package

13/07/2020

The 90-Day SORA home loan package is available to buyers of completed private properties with a minimum loan size of S$1mn.

Market Infrastructure

Thailand Proposes Rule Changes to Enable Hong Kong MRF

13/07/2020

The mutual recognition of funds scheme will help promote the competitiveness of Thai fund managers and increase investment options for investors in both markets.