Enforcement

S. Korea to Crack Down on Unfair Trading Practices

28/02/2019

The FSS plans to tighten monitoring of unfair trading practices, namely high-frequency trading, false disclosures and unlawful short-selling. Merrill Lynch, Franklin Templeton under scrutiny.

Enforcement

SFC Suspends China Merchants Securities Exec Over Sponsor Work

28/02/2019

The SFC said Wu Yinong breached the Code of Conduct and the Sponsor Guidelines when he was a sponsor principal in charge of supervising the execution of a 2009 listing application.

Capital / Liquidity

FSB Explores Effects of Regulatory Reform on SME Financing

27/02/2019

The FSB is seeking feedback on observed trends and drivers in SME financing, and whether regulatory reforms such as Basel III have affected financing to SMEs.

AML / KYC

RBI Extends KYC Compliance Deadline for e-Wallet Firms

27/02/2019

Following months of intense lobbying by e-wallet providers, the RBI has extended the deadline for completion of KYC processes by six months.

AML / KYC

FATF Consults on Risk-Based Approach for Professional Services

27/02/2019

The FATF is consulting on draft guidance on the application of a risk-based approach to AML/CFT in the legal, accountancy, and trust and company service providers sectors.

Capital / Liquidity

RBI Tightens Norms to Stem Flow of Credit to NBFC Sector

27/02/2019

The central bank has changed its risk weighting norms for bank exposures to NBFCs, making it more costly to lend to those that are rated poorly.

China Banking, Securities Associations Cut Fees for Member Institutions

27/02/2019

China’s banking and securities associations have announced plans to cut fees for their members, as called for by the government, to help boost the flagging economy.

Capital / Liquidity

RBI Removes Three More Banks from PCA Framework

26/02/2019

Allahabad Bank and Corporation Bank have been released from PCA restrictions following the government’s capital infusion last week; Dhanlaxmi Bank was found not in breach of any PCA risk thresholds.

Capital / Liquidity

UOB, OCBC, DBS to Face Challenging Year Ahead – Moody’s

26/02/2019

Singapore’s three largest banks will face greater asset risks and stagnation of net interest margins in 2019, making it a difficult year ahead for profitability, according to Moody’s Investors Service.