Capital / Liquidity

UPDATED – PBOC, CBIRC Take Control of Inner Mongolia Bank

27/05/2019

The PBOC and CBIRC have said they are taking control of Baoshang Bank, a small privately-owned bank whose owner disappeared two years ago.

Crypto / Digital Assets

MAS Sandbox Admits SGX-Backed Digitised Securities Platform iSTOX

27/05/2019

From within the sandbox, iSTOX is currently onboarding the first batch of issuers and investors who will participate in issuance and trading of digitised securities starting in 4Q 2019.

Market Infrastructure

FSB Seeks Feedback on Effects of Too-Big-To-Fail Reforms

27/05/2019

The FSB is asking if too-big-to-fail reforms have reduced the systemic and moral hazard risks associated with SIBs, and if they affect the functioning of overall the financial system.

Fintech / Regtech

BOJ Paper Considers Security Risks of Machine Learning Systems

27/05/2019

The paper classifies machine learning systems into 12 types and discusses the vulnerabilities, threats and corresponding countermeasures for each, focusing on the financial sector.

AML / KYC

Five RCBC Bank Employees Charged with Money Laundering

25/05/2019

Five current and former bank employees have been charged with money laundering in the Philippines in connection with the 2016 Bangladesh Bank heist.

Capital / Liquidity

BSP Cuts RRR for Thrift, Rural, Cooperative Banks

25/05/2019

The move follows RRR cuts for large banks, as the BSP looks to mitigate lowering price expectations and inflation.

Market Infrastructure

Myanmar Allows Foreign Banks to Set Up Local Subsidiaries

25/05/2019

Foreign banks will be able to enter the retail banking space and operate as local banks by setting up subsidiaries, rather than just branches.

Securities / Derivatives

India INX Allows Direct Trading on LME, ICE, Eurex, Euronext

24/05/2019

The first trade on the LME from India INX took place on 21 May, in copper.

Enforcement

CICC Bankers Reprimanded for Altering IPO Documents

24/05/2019

Two CICC bankers have been named and shamed for altering the IPO application documents of a company seeking a listing on Shanghai’s new tech board.