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.

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.