Enforcement

ASIC Consults on Oversight of New Financial Complaints Body

06/03/2018

The regulator seeks feedback on whether firms need transitional relief from dispute resolution disclosure obligations in the lead up to the new body’s commencement in November.

Capital / Liquidity

APRA Mulls Removal of Mortgage Lending Cap

06/03/2018

Removing the 10 percent growth cap would enable banks to increase mortgage lending, ease mortgage rates for investors and boost competition in the sector.

Securities / Derivatives

Chinese Exchanges to List ‘Belt and Road’ Bonds

06/03/2018

Seven domestic and foreign companies have so far been granted approval to list Belt and Road bonds on the Shanghai and Shenzhen stock exchanges.

Capital / Liquidity

Vietnam Banks Receive Fitch Ratings Upgrades

06/03/2018

Positive rating action for Military Bank, Vietcombank and Vietinbank reflect improvements in asset quality and declining rates of bad debt.

Enforcement

India Approves Independent Audit Oversight Body

05/03/2018

The new body will have powers to impose penalties or debar chartered accountants or their firms for up to ten years.

Securities / Derivatives

China to Cap Money Market Fund Redemptions

04/03/2018

The limit for same-day redemptions will be set at CNY10,000, according to Bloomberg sources.

Securities / Derivatives

Taiwan Brokers Set to Issue Exchange Traded Notes

03/03/2018

Brokers with capital adequacy exceeding 250 percent and net value over NTD10 billion will be allowed to issue the new debt instruments.

Recent Fraud Prompts India Trade Finance Freeze

03/03/2018

RBI audit of bank liabilities forces freeze on new letters of credit; foreign lenders reluctant to accept guarantees from Indian banks.

AML / KYC

Bangladesh Bank to Introduce e-KYC for Account Opening

02/03/2018

Electronic KYC will include digital forms and thumbprint verification; bank can access national identity card database for further verification.