Market Infrastructure

China Issues Consultation on Foreign Control of Securities Firms

12/03/2018

Foreign financial institutions would be able to own 51% of a mainland securities firm, with all ownership restrictions to be removed in three years’ time.

Market Infrastructure

US Fed Eyes Eased Regulation for Foreign Banks

09/03/2018

Vice chairman says to allow more foreign banks to set up more than one holding company, which each regulated separately according to different risk profiles.

Capital / Liquidity

China, US Bank Profits Boost CET1 Capital

09/03/2018

BIS report on Basel III implementation includes data from 39 Group 1 banks in Asia Pacific; 1H2017 saw largest ever profits of $262 billion.

Capital / Liquidity

S.Korea Regulators Probe Bank’s Lending Practices

28/02/2018

Regulators want to ensure banks are determining interest rates properly as household debt stubbornly refuses to decline.

Capital / Liquidity

BCBS Issues Basel III Disclosures Consultation

28/02/2018

Requirement that banks disclose capital ratio which would trigger restrictions on capital distribution will be at the discretion of individual regulators.

Capital / Liquidity

FSB Issues Singapore Peer Review

27/02/2018

Board suggests MAS need to state who is responsible for macro-prudential oversight; wants resolution regime extended to market infrastructure.

Enforcement

Malaysia Eyes Senior Managers Regime

25/02/2018

BNM proposals resemble Hong Kong’s MiC regime in setting out key responsibilities and requiring appointment and naming of responsible individuals.

Enforcement

HK SFC Sees Surge in Criminal Prosecutions

25/02/2018

Criminal charges laid by securities regulator nearly tripled in last nine months of 2018, although investigations started and concluded declined.

Enforcement

CBRC Targets Banker Misconduct

15/02/2018

CBRC proposals would require banks to set up conduct management departments, submit conduct codes to regulator, establish whistle blower mechanism.