Enforcement

Switzerland Fines Five Global Banks Involved in FX Trading Cartel

10/06/2019

Adding to the European Commission’s $1.2bn fine last month, Citigroup, Barclays, RBS, JP Morgan and MUFG have been fined $91mn by the Swiss Competition Commission.

Securities / Derivatives

RBI to Roll Out Retail FX Trading Platform in August

10/06/2019

The new trading platform is expected to improve pricing by unifying the existing fragmented market structure.

Capital / Liquidity

RBA Says Banks Can Hold More Govt Securities to Meet LCR

10/06/2019

Banks can increase the proportion of government securities they hold to meet prudential liquidity requirements.

Enforcement

ICBC Shanghai Boss Under Corruption Probe

08/06/2019

The statement from the Chinese Communist Party’s anti-corruption body did not provide details the alleged misconduct.

Big Picture

IOSCO Publishes Recommendations on Sustainable Finance

08/06/2019

The report identifies the prerequisites for creating an ecosystem that facilitates sustainable finance, and sets out 10 recommendations for growth and emerging markets.

Capital / Liquidity

SEBI Mulls Liquidity Buffer Requirement for Funds

08/06/2019

The proposal could require all liquid funds to invest a fixed portion of their assets in government securities or other sovereign debt.

Fintech / Regtech

Philippines: Online Lenders to Adopt Code of Conduct

08/06/2019

The pledge comes after 48 online lenders were cited for using customers’ personal data to publicly shame people who did not settle their debts on time.

Market Infrastructure

UPDATED – RBI Removes RTGS, NEFT Fund Transfer Fees

07/06/2019

Industry players and banking experts say the move will not only boost digital payments, but also make transactions faster, safer and cost-effective.

Market Infrastructure

China Urges Private Firms to Swap Debt for Equity

07/06/2019

China’s debt-to-equity swaps programme has been dominated by state enterprises. More private companies are now being encouraged to participate to reduce short-term repayment pressures.