Capital / Liquidity

Former RBI Governor Speaks Out on Central Bank Autonomy

11/02/2019

Former central bank governor YV Reddy says there is no doubt the government has a claim over the RBI’s reserves, but questions how it is exercising its claim.

Crypto / Digital Assets

Philippines’ CEZA Issues New Rules for Digital Assets, Token Offerings

08/02/2019

The new regulations cover the acquisition of crypto assets, including utility and security tokens, as well as issuer requirements relating to registration, security and investor protection.

Mortgage Brokers Push Back Against Hayne Recommendations

08/02/2019

A blanket ban on commissions as suggested by Kenneth Hayne would have a “devastating effect” on mortgage broking industry, says MFAA CEO Mike Felton.

Market Infrastructure

ASIC ‘Well-Placed’ to Manage Impacts of No-Deal Brexit

08/02/2019

ASIC says it is carefully monitoring developments and has been liaising closely with UK and Australian authorities to plan for potential Brexit-related impacts.

Capital / Liquidity

Bangladesh Bank Eases Limits on Bad Loan Write-offs

08/02/2019

New policies on write-offs are aimed at reducing NPLs on banks’ books. Meanwhile, the government has revealed a plan to probe defaulting borrowers and their bankers.

Philippine Banks Required to Report on Deposit, Loan Rates

08/02/2019

Bank interest rates on loans and deposits will be published to allow consumers to compare costs, and to enhance the BSP’s monitoring and analysis.

Market Infrastructure

MAS Consults on Revisions to Banking Act

08/02/2019

Among the amendments are proposals to expand the grounds for which MAS can revoke a bank licence, and expanded circumstances for auditors to report on a bank’s financial soundness.

Fintech / Regtech

MAS Proposes New Requirements for Banks’ Outsourced Functions

08/02/2019

The proposals will expand MAS’ powers to impose requirements on banks’ and merchant banks’ outsourcing arrangements, regardless of where outsourced functions are performed.

Enforcement

NAB Chief Steps Down Amid Royal Commission Criticism

07/02/2019

Commissioner Hayne said in his Final Report that NAB “stands apart” from the other major banks and questioned whether its senior leadership was capable of reforming the bank’s culture.