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.

Securities / Derivatives

India Eases Foreign Investor Limits on Interest Rate Futures

02/03/2018

Aggregate long positions for all FPIs will be up to INR50 billion across any interest rate futures instrument.

Fintech / Regtech

Australia to Develop Fintech Code of Conduct

02/03/2018

The code of conduct will cover transparency and disclosure for fintech balance sheet lenders offering unsecured business loans.

Market Infrastructure

China Levels Playing Field for Foreign Banks

01/03/2018

Pre-approvals no longer required for wealth management, custody services; procedures simplified for branch opening, executive appointments, bond issuance.