Clearing & Post-Trade

DTCC Outlines Steps to Fully Dematerialise US Securities Market

01/10/2020

DTCC believes that the industry can achieve full dematerialisation of over 98 percent of all US physical certificates in the next three years.

Resolution & Recovery

China Issues G-SIB TLAC Rules for Consultation

30/09/2020

Under the rules, China’s G-SIBs must have loss-absorbing capacity amounting to at least 16 percent of risk-weighted assets starting from 1 January 2025.

Capital Adequacy

PBOC Enhances Policy Toolbox with CCyB Implementation

30/09/2020

The initial countercyclical capital buffer ratio will be set at zero, meaning capital requirements of banks have not been increased.

Conduct, Culture & Accountability

Japan FSA Demands Explanation for Miscounted Shareholder Votes

30/09/2020

Sumitomo Mitsui Trust and Mizuho Trust could face business improvement orders, depending on their explanations and the measures they have planned to prevent recurrence.

Payments & Settlements

MAS Orders Wirecard Entities to Cease Singapore Payment Services

30/09/2020

Wirecard has informed MAS that it is unable to continue providing payment processing services to a significant number of merchants.

Trading & Investment

Goldman to Build Out FX Trading Infrastructure in Singapore

30/09/2020

Goldman expects its FX pricing engine in Singapore to be live in the first quarter of 2021 across deliverable and non-deliverable currencies.

Trading & Investment

RegTech Asia 2020: Trade Surveillance and Monitoring

30/09/2020

What has the increased use of new client communication modalities to facilitate trading amid the pandemic meant for market surveillance and regulatory compliance?

Fraud, Scams & Cybercrime

Korean Prosecutors Raid KEB Hana Bank over Optimus Fund Mis-selling

30/09/2020

Prosecutors are looking to determine whether the bank purchased privately placed bonds under Optimus’ request or instruction.

Capital Adequacy

APRA Resumes Consultation on Confidentiality of ADI Data

29/09/2020

APRA proposes that ADI data related to capital adequacy, liquidity, asset quality, financial statements, and financial performance be determined non-confidential.