Market Abuse

ANZ, Deutsche, Citigroup Face Trial Over Criminal Cartel Case

09/12/2020

The banks are alleged to have colluded on how to offload ANZ shares in 2015 by restricting supply to maintain market prices.

Capital Adequacy

APRA Revises Bank Capital Framework to Add Flexibility

09/12/2020

The reforms will deliver a “robust, competitive banking system” that can continue to fulfil its critical role when the community faces challenges, APRA’s Wayne Byres said.

Credit Risk

RBNZ Consults on Reinstatement of LVR Restrictions on Risky Lending

09/12/2020

The RBNZ is concerned that increases in highly-leveraged borrowing, if continued, could lead to emerging risks to financial stability.

Cybersecurity

PBOC Launches Cyber Info Sharing Platform for Financial Sector

09/12/2020

The platform was built by ICBC, China Construction Bank and other FIs, to improve industry cyber defences and prevention capabilities.

Anti-Money Laundering

Philippine SEC Proposes Stronger Rules on Beneficial Ownership

08/12/2020

The SEC is seeking to require the disclosure of beneficial owners, nominators, principals, and nominee arrangements within 10 days from a company’s registration.

Trading & Investment

MAS Outlines Initiatives to Expand Financial Cooperation with China

08/12/2020

MAS and Chinese regulators are collaborating on RMB internationalisation, exchange-traded funds, digital finance and green finance.

Liquidity Risk

RBI Allows Regional Rural Banks to Access Liquidity Facilities

08/12/2020

To date, regional rural banks have not been permitted to access the RBI’s liquidity windows or the Call/Notice market.

Clearing & Post-Trade

NZX Enhances Infrastructure, Security Following Independent Reviews

08/12/2020

EY was commissioned to look into issues stemming from record trading volumes in March and April, while InPhySec looked into NZX’s DDoS attack response in August.

Trading & Investment

RBI to Enhance Guidelines for OTC Derivatives, CDS, Money Markets

08/12/2020

The RBI is looking to enhance governance of OTC derivatives market makers, establish consistency in money market and debt instruments, and update its CDS guidelines.