Capital / Liquidity

Korean Banks Asked to Prepare Support Funds for Credit Cooperative

12/07/2023

The big five banks were asked to prepare KRW 1 trillion of financing as potential support for MG Community Credit Cooperative.

Capital / Liquidity

RBNZ Consults on New Capital Instrument for Mutual Banks

11/07/2023

Mutual banks will be allowed to issue a new MET1 capital instrument, providing them more capital raising flexibility.

Securities / Derivatives

SEBI Issues New Disclosure Rules for Debt Issuers

11/07/2023

SEBI says the new rules seek to minimise multiple filings of documents by issuers of debt securities.

AML / KYC

NAB Becomes First Aussie Bank to Remove Links From Text Messages

10/07/2023

The move is one of 64 projects completed or underway across NAB to help address the “global scam epidemic”.

Capital / Liquidity

Hong Kong: New Regime for Insurers to Commence in 2024

06/07/2023

Capital requirements for insurers will be more sensitive to their asset and liability matching, risk profile and mix of products.

Enforcement

ASIC Fines Openmarkets Record $4.5m for Compliance Failures

06/07/2023

ASIC says Openmarkets did not carry out effective trade surveillance, and banned its former acting head of trading for three years.

AML / KYC

India: Former Chair of Coop Bank Arrested on Fraud Allegations

06/07/2023

India’s Enforcement Directorate arrested the ex-chairman of Seva Vikas Co-operative Bank in connection with a fraud investigation.

Securities / Derivatives

Bursa Malaysia Assumes Investor Relations Function

06/07/2023

Bursa Malaysia will serve as the single point of reference for investor relations matters. MIRA is discontinued.

Fintech / Regtech

RBI to Require Card Issuers to Offer Network Optionality

06/07/2023

Banks and other card issuers will have to provide options for customers to freely choose which card networks processes their payments.