Capital / Liquidity

‘Loan Inconsistencies’ Prompt EY Resignation as Chinese Bank Auditor

04/06/2019

The resignation of EY as the auditor of Bank of Jinzhou comes as questions are being raised about the health of China’s small and mid-size lenders.

Capital / Liquidity

RBI Amends Large Exposures Framework for Banks

04/06/2019

The modified framework excludes all entities connected with the sovereign from definition of group of connected counterparties, such as exposures to or guaranteed by government.

Market Infrastructure

HK FRC Concludes Consultation on Auditor Misconduct Penalties

04/06/2019

The FRC will be empowered to order penalties of up to HK$10mn or three times the profit gained or loss avoided as a result of misconduct, whichever is higher.

Securities / Derivatives

Bursa Malaysia Central Depository to Expand Electronic Services

03/06/2019

Bursa Malaysia is proposing rule amendments to facilitate the introduction of new CDS eServices via ‘Bursa Anywhere’ – a new electronic platform.

Market Infrastructure

Japan, Philippines Explore Yen-Peso Direct Trading

03/06/2019

Japan and the Philippines will explore the establishment of direct yen-peso settlement for trade and investment between the two countries.

Enforcement

Macquarie Securities Penalised for Submitting Incorrect Regulatory Data

03/06/2019

Over 4 years, approximately 42 million orders containing incorrect or omitted regulatory data were submitted to ASX and Chi-X.

Capital / Liquidity

S. Korea Tightens Lending Standards in Non-Bank Sector

03/06/2019

The FSC will extend the debt service ratio to include non-bank financial institutions in a bid to rein in household debt.

Market Infrastructure

FSB Details Progress to Address Decline in Correspondent Banking

03/06/2019

The number of active correspondent banks declined by 3.4% in 2018, bringing the cumulative decline since 2011 to 19.3 percent.

Big Picture

Industry Body Publishes Best Practices Paper for CCPs

03/06/2019

Global association CCP12 says in a new paper that a ‘one-size-fits all’ approach to CCPs is inappropriate, and it is critical to recognise jurisdictional differences.