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.

Japan Banks Asked to Continue Lending as Stimulus Gets Green Light

31/05/2020

Finance Minister Taro Aso is asking banks to continue supporting SMEs and to actively make use of hybrid lending, in light of a new 117tr yen stimulus package.

Korea Launches W40tr Bailout Fund for Key Industries

31/05/2020

The airline, shipping and other hard-hit industries will be eligible for financial support from the fund if they have more than 500bn won in debt and over 300 employees.