Capital / Liquidity

China Consults on Revision of Rules Governing Foreign Banks

30/11/2018

CBIRC proposes more stringent supervision of foreign banks to improve “risk resilience” and customer protection, following the release of measures to further open up the banking industry.

Capital / Liquidity

India to Implement NSFR from April 2020

30/11/2018

The Net Stable Funding Ratio will apply to Indian banks on both a stand-alone and consolidated basis, and foreign banks on a stand-alone basis.

AML / KYC

Singapore Pushes Data Analytics, Collaboration to Counter Financial Crime

30/11/2018

A new report by Singapore’s AML/CFT Industry Partnership identifies key weaknesses of current approaches that can be addressed with data analytics and greater industry collaboration.

Securities / Derivatives

ASX Consults on Changes to Listing Rules

29/11/2018

The proposals aim to improve market disclosures, simplify the listing rules, increase efficiency in the listing process, and enhance ASX’s powers to monitor and enforce compliance, among other changes.

AML / KYC

South Korean Banks Vulnerable to Money Laundering Risks: FSC

29/11/2018

Banks are most exposed to money laundering risks due to the innate characteristics of their products and services, according to an FSC review of the domestic financial industry.

Enforcement

S. Korea Fines Goldman $6.7m for Naked Short Selling

29/11/2018

The FSC found that  Goldman Sachs conducted naked short selling worth about KRW 40 billion in late May. Naked short selling is prohibited in South Korea.

Capital / Liquidity

S. Korean Financial Holding Companies Opposed to Bail-in Regime

28/11/2018

The financial holding companies say that a bail-in regime could lead to lower credit ratings and higher bank funding costs, based on an implied reduction in government support during a crisis.

Market Infrastructure

SEBI Issues Guidelines on Clearing Corporation Interoperability

28/11/2018

India’s clearing corporations will have to enter into agreements establishing links between each other, as well as links to each trading venue, to operationalise the framework by June 2019.

Capital / Liquidity

APRA Extends Timeline for Capital Reforms to Align with Basel III

27/11/2018

APRA will align capital reforms with Basel III timelines, effectively pushing implementation to 1 January 2022. It has also adjusted the leverage ratio in response to consultative feedback.