Market Abuse

Thailand SEC to Incorporate AI in Price Manipulation Probes

02/08/2019

Existing investigation and fact-finding procedures currently take 1.5 years before civil sanctions or penalties are imposed.

Payments & Settlements

NPP Australia Responds to RBA on Platform Access, Functionality

01/08/2019

Effective immediately, NPP Australia has established a mandatory compliance framework allowing it to designate core capability requirements and enforce compliance through non-compliance charges.

Clearing & Post-Trade

SEBI Grants QCCP Status to MCX Clearing Corporation

01/08/2019

SEBI has granted qualifying central counterparty status to Multi Commodity Exchange Clearing Corporation.

Anti-Bribery & Corruption

Former China Development Bank Chairman in Corruption Probe

01/08/2019

The bank’s former chairman is said to have channelled bribes to a party official from the now-missing former chairman of a conglomerate, CEFC China Energy.

Cloud & Infrastructure

HKMA Reports on Open API Implementation Progress

01/08/2019

Phase I Open APIs provide information on banking products and services. Phase II will allow banks to process applications for such products and services by end-October.

Liquidity Risk

RBI Eases Rules on Overseas Borrowing for NBFCs

01/08/2019

NBFCs can use overseas borrowings to fund working capital, repay rupee loans, and on-lend to domestic customers. Banks can also sell distressed loans to eligible overseas lenders.

Credit Risk

China to Support Banks that Swap Corporate Debt for Equity

01/08/2019

The new measures encourage banks to set up subsidiaries to invest in debt-for-equity swaps, helping them to offload distressed debt and ease rising NPL pressures.

Liquidity Risk

Malaysia to Implement NSFR from July 2020

01/08/2019

From 1 July 2020, banks will be required to maintain a minimum NSFR of 100% at all times and to submit NSFR reports to BNM on a quarterly basis.

Conduct, Culture & Accountability

Australia Introducing Bill to End Conflicted Remuneration

31/07/2019

Draft bill to end unfair terms in insurance contracts released on Tuesday; bill to end grandfathering of conflicted remuneration to being introduced Thursday.