Market Infrastructure

Singapore, Australia Benchmarks Gain EU Equivalence

30/07/2019

The European Commission has adopted equivalence decisions for Australian and Singapore financial benchmarks, but repealed existing equivalence for credit rating agencies.

Securities / Derivatives

Twenty Suspended Firms Face Permanent Delisting in Hong Kong

30/07/2019

Of the 22 firms that were already suspended last August when new rules took effect, only two have so far been given the green light for their shares to resume trading.

AML / KYC

Global Money Launderers Move in on Japan – Report

30/07/2019

Criminal organisations are increasing seeking the use of bank accounts in Japan to disguise illicit profits, with incidents of money laundering rising 40% year-on-year.

Capital / Liquidity

ANZ Adjusts Risk Weights on New Zealand Loan Portfolios

30/07/2019

The changes follow the RBNZ’s revocation of ANZ’s right to model its operational risk capital requirements in May.

Enforcement

Another CBIRC Official Placed Under Corruption Probe

30/07/2019

China’s Central Commission for Discipline Inspection has reportedly opened a corruption probe into the CBIRC’s Fujian branch head, Qi Xinzheng.

Capital / Liquidity

ICBC, Cinda, Great Wall to Restructure Troubled Bank of Jinzhou

29/07/2019

An ICBC unit will invest up to 3 billion yuan for a more than 10% stake in Bank of Jinzhou, whose auditor quit in May citing loan inconsistencies.

Capital / Liquidity

BSP Approves New Risk Management Guidelines for Banks

29/07/2019

The guidelines seek to ensure that risks from banks’ investment activities are effectively identified, measured, monitored and controlled.

Capital / Liquidity

PBOC Issues Draft Rules for Financial Holding Companies

29/07/2019

Financial holding companies controlled by non-financial enterprises that meet certain conditions will be supervised by the PBOC, with licences issued by the State Council.

Market Infrastructure

NAB Notifies 13,000 Customers of Data Breach

29/07/2019

Australia’s fourth largest bank says the personal data uploaded to servers without authorisation was not copied or further disclosed, and has since been deleted.