Capital / Liquidity

BCBS, IOSCO Extend Initial Margin Deadlines by One Year

05/04/2020

With the extension, phase 5 implementation will take place on 1 September 2021 and phase 6 implementation on 1 September 2022.

AML / KYC

FATF Re-rates US as ‘Largely Compliant’ on CDD Measures

03/04/2020

The US is now compliant on 9 FATF Recommendations, largely compliant on 22, partially compliant on 5, and non-compliant on 4.

Big Picture

Outlook on 14 APAC Banking Systems is Negative: Moody’s

03/04/2020

Coronavirus-related disruptions will weaken the operating environment and weigh on asset quality, despite policy measures to help mitigate the effects on banks.

Capital / Liquidity

New Zealand Banks Agreed to Suspend Dividends: RBNZ

03/04/2020

Banks have also agreed to not redeem non-CET1 capital instruments, while the RBNZ works to launch a new 3-year funding scheme by May.

AML / KYC

Global AML, Sanctions Fines Topped $8bn in 2019: Fenergo

02/04/2020

Last year was the second-biggest year on record for fines against financial institutions for AML and sanctions violations, according to a new report from Fenergo.

RBI Grants Exemptions to Small Finance Banks

02/04/2020

Existing small finance banks will not need prior RBI approval to undertake non-risk sharing simple financial service activities or open banking outlets in unbanked rural centres.

AML / KYC

Hong Kong: SME Director Pleads Guilty to Defrauding 5 Banks

02/04/2020

DBS, HSBC, ICBC, Dah Sing Bank and Wing Hang Bank were defrauded of about HK$47.5mn in loans and banking facilities.

Philippines Mandates 30-Day Grace on Loans During Covid-19 Lockdown

02/04/2020

All lenders are barred from charging interest, penalties, fees, or other charges on all loans to individuals, households, MSMEs and corporate borrowers during Luzon’s enhanced community quarantine.

Securities / Derivatives

CSRC Starts Accepting Licence Applications from US Fund Managers

02/04/2020

BlackRock and Neuberger Berman applications to set up wholly-owned mutual fund units were accepted on the first day foreign ownership caps were scrapped in China.