Trading & Investment

China to Extend Interbank Bond Market Trading Hours – Report

01/06/2020

Trading on the interbank bond market will initially be extended to 8 pm local time from 5 pm currently, and will gradually cover global trading hours.

Structural Regulation

Credit Suisse Takes Control of China Securities JV

01/06/2020

The CSRC granted Credit Suisse approval to raise its shareholding in the joint venture in April, from 33.3% to 51%.

Operational Risk

BOJ, FSA Direct Financial Firms to Take Action on LIBOR Transition

01/06/2020

FIs are asked to take specific actions to prepare for the cessation of LIBOR, and to submit materials allowing the BOJ and FSA to review preparedness at individual firms.

Trading & Investment

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.

Credit Risk

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 Adequacy

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.

Structural Regulation

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.

KYC & CDD

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.

Fraud, Scams & Cybercrime

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.