Bill would allow regulator to compel firms to prepare recovery plans, enforce mandatory bail-ins for failing institutions.
Philippine banks currently have to keep 20% in reserve; liquidity requirements were eased earlier this year.
Regulator issues consultation on conflicts of interest, non-public information in sell-side research.
Second-tier lenders required to increase loan-loss provisions by 50%; maximum mortgage LTV/debt-income ratios cut to 60%/50%.
Report suggests financial stability issues are becoming less pressing, HKMA will encourage growth.
But report warns of new threats, not least liquidity risk from open-ended funds.
Regulators conducted 60 joint investigations in 1H16, taking total to 365 since Shanghai-HK link established in 2014.
Report also finds outdated legislative, regulatory framework; says several sectors ‘largely unregulated’.
The Philippine government passed amendments to the country’s AML (anti-money laundering) law, bringing casinos under it’s rules for the first […]
The Australian Treasury issued a trio of proposals to enhance the enforcement powers of ASIC.