Capital / Liquidity

BSP Proposes New Reporting Requirements for Conglomerate-run Banks

03/02/2020

Under draft rules, universal and commercial banks that are part of conglomerates will have to report information on all entities and assets in the conglomerate structure.

Big Picture

Coronavirus Spells More Trouble For Hong Kong Banks: S&P

03/02/2020

S&P Global Ratings says the new coronavirus outbreak will add to the challenges Hong Kong banks already face amid social unrest, US-China trade tensions, and China’s economic slowdown.

Market Infrastructure

ESMA Consults on New Standards for Third-Country Investment Firms

03/02/2020

The new Investment Firms Regulation (IFR) and Directive (IRD) will require third-country firms providing investment services and activities in the EU to report granular information to ESMA.

AML / KYC

BNM Publishes Consultation Response on New AML/CFT Framework

03/02/2020

BNM will publish further guidance on the methods used for verifying customer and beneficial owner information and for authenticating their documents.

Market Infrastructure

Australia Drafts Laws on 22 Royal Commission Recommendations

03/02/2020

The draft legislation is aimed at enhancing protections for consumers and small businesses, and strengthening the role of ASIC and APRA.

Securities / Derivatives

SEHK Proposes to Allow Corporate Beneficiaries of WVR Structures

02/02/2020

Hong Kong’s stock exchange is proposing to allow eligible corporate entities to hold weighted voting rights in listed companies, subject to appropriate safeguards.

Market Infrastructure

Japan Prepares Cyber Response Ahead of Tokyo Olympics

01/02/2020

In a September BOJ survey, 60% of banks said they were unable to secure enough staff to oversee cybersecurity, raising concerns of cyber attacks leading up to the Tokyo Olympics.

Capital / Liquidity

Bangladesh to Form ‘Bad Bank’ to Deal with Bad Loans

01/02/2020

A new public asset management company will reportedly be formed to help remove defaulted loans from banks’ books, allowing them to limit bad loan provisioning.

Market Infrastructure

Lao Central Bank Launches QR Code Payment Standard

31/01/2020

The QR code payment standard will minimise the use of cash, drive Laos towards a digital economy,  and boost socio-economic development.