Capital / Liquidity

Basel III Monitoring Report Shows Shrinking TLAC Shortfalls

03/10/2019

Based on the 2022 requirements, two of 24 G-SIBs reporting TLAC data have a combined shortfall of €32.6 billion , less than half the shortfall reported six months earlier.

Fintech / Regtech

BSP Streamlines Rules for Payment System Operators

03/10/2019

The Philippine central bank has simplified the registration process for payment system operators, and created a new consolidated manual of regulations to facilitate compliance.

Securities / Derivatives

IOSCO Publishes Updates on MMF, Securitisation Regulation

03/10/2019

The reports describe progress by IOSCO members to adopt legislation, regulation and other policies covering MMF and securitisation, considered priority reform areas by the G20.

Capital / Liquidity

China to Cap Loan Loss Provisioning at Banks

03/10/2019

The move is aimed at preventing an accounting practice the Finance Ministry says banks use to hide profits and dodge taxes and dividends.

AML / KYC

APG Publishes Final Mutual Evaluation Report for Taiwan

03/10/2019

Taiwan has achieved very significant progress in a short period of time, and supervisors have significantly influenced compliance in a positive way, the APG says in its mutual evaluation report.

Market Infrastructure

Australia Commissions Review of Retirement Income System

02/10/2019

The review has sparked concerns about whether superannuation could be made voluntary, amid guarantee increases until 2025 that may end up squeezing workers’ wages.

Capital / Liquidity

Bangladesh Bad Loan Problem is Double Reported Figures: IMF

02/10/2019

Total problem assets in Bangladesh’s banking sector would rise by more than double if the computation included stay orders, special mention accounts, and rescheduled loans.

Enforcement

NAB Sets Aside Additional Remediation Provisions

02/10/2019

Combined with what has already been set aside, the new A$832mn in provisions for customer-related remediation brings total provisioning to over A$2bn.

Enforcement

India: PMC Bank Managing Director Confesses to Wrongdoing

02/10/2019

PMC Bank’s now-suspended managing director has reportedly confessed that the bank’s loan exposures went unreported for over six years.