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.

Market Infrastructure

ASIC Review Finds Non-financial Risk Oversight Lacking

02/10/2019

ASIC says the boards of listed companies need to review their governance practices and accountability structures to ensure effective management of non-financial risks.

Market Infrastructure

BNM to Require FIs to Report Climate-related Exposures

02/10/2019

Malaysia’s central bank will use the reported data to set new regulatory standards that better reflect the risks from climate-related exposures.

Capital / Liquidity

SFC Offers Additional Guidance on New Margin Financing Rules

02/10/2019

New FAQs make clear that deviations from the new rules after 4 October will not automatically be seen as noncompliance or result in disciplinary action.

Fintech / Regtech

ACCC Selects Ten Firms to Test Open Banking Data-Sharing

01/10/2019

The ten companies will work with Australia’s big four banks to test the data-sharing ecosystem through open banking APIs in the lead up to open banking’s official launch in February.

Market Infrastructure

First Foreign Firm Approved to Enter China Payments Market

01/10/2019

The PBOC has approved PayPal’s acquisition of a majority stake in domestic payments firm Gopay, giving it access to various domestic payments licences.

Big Picture

EU Equivalence Needed on Cross-Border Intragroup Transactions

01/10/2019

ISDA and EU banking associations are calling for equivalence decisions to be prioritised for Australia, Hong Kong, Singapore and South Korea, among others.