Capital / Liquidity

RBI to Reduce Statutory Liquidity Ratio Over 18 Months

06/12/2018

Starting in January 2019, the RBI will reduce the SLR holding requirement by 25 basis points every quarter until it reaches 18% in April 2020.

Enforcement

China Unifies Enforcement of Bond Markets Under CSRC

05/12/2018

The move to unify regulation of the bond markets under one authority is aimed at improving the overall regulatory system and preventing systemic risk.

Market Infrastructure

BCBS Publishes Report on Cyber-Resilience Practices Across Jurisdictions

05/12/2018

The report identifies, describes and compares the range of observed bank, regulatory and supervisory cyber-resilience practices across jurisdictions.

Market Infrastructure

SEBI Consults on Proposals to Allow Indian Firms to List Overseas

05/12/2018

An expert panel constituted by SEBI has issued recommendations that, if adopted, would enable Indian firms to list overseas and foreign companies to list directly in India.

Market Infrastructure

MAS Consults on Exemption Framework for Cross-Border Financial Services

05/12/2018

The MAS proposes that Singapore regulated entities no longer be required to seek approval before commencing business arrangements with foreign related companies.

Capital / Liquidity

Asset Quality Worsening at Bangladesh’s Banks – Moody’s

05/12/2018

Asset quality in the banking system is deteriorating due to governance weaknesses, with banks dipping into their core capital due to non-payment of loans.

Market Infrastructure

CBIRC Issues Rules for Banks on Wealth Management Subsidiaries

04/12/2018

Wealth management subsidiaries set up by commercial banks can directly invest funds from wealth management products into the stock market.

Securities / Derivatives

CSRC Approves UBS Majority Control of China Securities JV

04/12/2018

UBS will become the first foreign financial institution to take a controlling stake in a China-based securities joint venture, having now received formal approval from the CSRC.

Market Infrastructure

MAS to Co-Fund Financial Sector Efforts to Develop Local Cyber Capabilities

04/12/2018

The MAS will support financial institutions that establish global or regional cybersecurity centres in Singapore, or run key cybersecurity functions from the city to develop local capabilities.