Capital / Liquidity

Philippines: BSP Approves Amended D-SIBs Framework

16/10/2019

A bank’s size and interconnectedness will be given greater importance in the assessment to determine its systemic importance in the Philippines.

Securities / Derivatives

SGX RegCo Raises Bar for Property, Business Valuations

16/10/2019

SGX RegCo is enhancing its cooperation with professional bodies to improve the valuation of property, land and businesses held by listed companies.

Securities / Derivatives

FMSB Issues Final Guidance on Conflicts of Interest

16/10/2019

The FICC Markets Standards Board offers guidance to help market participants effectively deal with conflicts of interest that arise within their firms.

Fintech / Regtech

FSC Korea Receives Applications for Internet-only Bank Licences

16/10/2019

The FSC said it plans to make a decision on initial approvals in December, after three consortia submitted bids in the second round of applications for internet-only bank licences.

Enforcement

Australia to Form New Disciplinary Body for Financial Advisers

15/10/2019

The plan undoes months of effort by industry associations to form an independent body to monitor and enforce compliance with a new code of ethics for financial advisors.

Capital / Liquidity

HKMA Cuts CCyB in Response to Worsening Economic Conditions

15/10/2019

The first CCyB cut since 2015, the move is expected to free up between HKD 200-300 billion in the financial system and make it easier for banks to lend to SMEs.

Capital / Liquidity

ACCC to Probe Banks on Mortgage Pricing Decision-making

15/10/2019

The ACCC is commencing an inquiry to find out why banks are not fully passing on interest rate cuts to borrowers, and what prevents customers from switching to cheaper lenders.

AML / KYC

Philippines Makes Push to End Bank Secrecy

15/10/2019

BSP governor Benjamin Diokno has said the central bank wants to help convince lawmakers of the importance of lifting bank secrecy as part of a bill to grant amnesty to errant taxpayers.

Capital / Liquidity

US Fed Finalises Easier Capital, Liquidity Rules for Banks

14/10/2019

Banks that present less risk, including foreign banks, will have reduced requirements. An idea to subject US branches of foreign banks to new liquidity requirements has also been dropped.