Market Infrastructure

China Publishes Rules on Prime Broker Access to Interbank FX Market

01/06/2020

Foreign investors can apply to become prime brokerage clients to trade interbank FX forwards, swaps, and other FX derivatives to hedge interbank bond exposures.

Capital / Liquidity

Loan Payment Holidays Pose Banking System Risks: FSI Paper

01/06/2020

Delaying loan loss recognition too long may leave banks and supervisors with fewer options for dealing with future risks to the banking system, a new paper says.

Capital / Liquidity

Indonesia: OJK Relaxes Capital, Liquidity Requirements for Banks

01/06/2020

The OJK has removed the capital conservation buffer requirement, lowered the LCR and NSFR requirements to 80%, and deferred Basel III implementation.

Market Infrastructure

ARRC Publishes Best Practices for LIBOR to SOFR Switch

01/06/2020

The ARRC outlines near-term transition steps that market participants should aim to take across floating rate notes, business loans, consumer loans, securitisations, and derivatives.

AML / KYC

Data, Technology Provide Remedy for Covid-related Financial Crime

01/06/2020

In a recent Bureau van Dijk webinar, industry experts examined how data, technology and AI can help mitigate the risk of criminals benefitting from the Covid-19 cash pump.

AML / KYC

Singapore Police Arrest Suspect in Covid-19 Money Laundering Case

01/06/2020

An overseas distribution company was defrauded of more than $646,000 for the purchase of N95 masks and personal protection gowns from a supposed supplier in Singapore.

HK Extends Loan Guarantee Schemes to Listed Companies

01/06/2020

Other enhancements to the 80% and 90% Guarantee Products include higher maximum loan amounts and interest subsidies up to 12 months.

Enforcement

RBI Fines Citibank, Six Others for Non-Compliance

01/06/2020

Citibank did not comply with obligations to obtain declarations from customers about the credit facilities they have with other banks before granting them non-fund based facilities.

AML / KYC

PBOC Fines BNP Paribas China Unit, Three Execs for AML Violations

01/06/2020

The bank and three executives were fined for failing to perform customer identification obligations and report large and suspicious transactions.