Capital / Liquidity

APRA Warns of Capital Charges for FIs with Poor Culture

24/05/2019

APRA says it may apply additional capital requirements to regulated institutions with material weaknesses in their governance and management of non-financial risks.

Market Infrastructure

Japan T+2 Settlement to Start on 16 July

23/05/2019

T+2 settlement to go live in Japan following working group discussions and the successful completion of operational checks.

Enforcement

RBI to Create New Unit to Strengthen Financial Sector Supervision

23/05/2019

The Reserve Bank of India has announced the establishment of a new unit to streamline its supervision and regulation of banks and financial companies.

Securities / Derivatives

FSC Korea Mulls Relaxation of Five Percent Rule

23/05/2019

Investors who own 5% or more of a listed company must disclose any ownership change within 5 days, a requirement that has prevented some institutional investors from exercising their voting rights.

Market Infrastructure

New Directive for Indian AMCs a Boost for Offshore Fund Flows

23/05/2019

Indian asset management companies serving offshore funds as advisers will now be entitled to tax benefits which will enable them to take up direct fund management of offshore funds.

Securities / Derivatives

SEBI Permits Mutual Funds to Trade Commodity Derivatives

23/05/2019

Mutual funds will be allowed to trade exchange-traded commodity derivatives, but cannot invest in physical goods, except through gold ETFs.

Capital / Liquidity

Bangladesh Eases Banks’ Stock Exposure Rules to Free Up Capital

22/05/2019

In a bid to boost banking system liquidity, the central bank has excluded investments in non-listed securities from banks’ capital market exposure calculations.

ESG / Sustainability

Japan TCFD Consortium Set for 27 May Inauguration

22/05/2019

The Consortium will serve as a platform to pursue climate-related financial disclosures and decide how the disclosed information will be used in investment decisions.

Enforcement

Former DBS Hong Kong Sales Rep Jailed for Loan Fraud

22/05/2019

A former sales representative of DBS Bank in Hong Kong was last week sentenced to 14 months’ imprisonment for defrauding the bank of loans and commissions.