AML / KYC

G20 Nations Commit to Regulating Cryptocurrencies

06/12/2018

G20 nations have signed a joint declaration calling for regulation of crypto assets to combat money laundering and terrorist financing.

Market Infrastructure

SWIFT to Pilot Real-time Error Detection in gpi Payments

06/12/2018

SWIFT gpi pre-validation service will ensure preventable errors and omissions are corrected before initial payment instructions are sent, reducing delays and costs for banks.

Capital / Liquidity

RBI to Reduce Statutory Liquidity Ratio Over 18 Months

06/12/2018

Starting in January 2019, the RBI will reduce the SLR holding requirement by 25 basis points every quarter until it reaches 18% in April 2020.

Enforcement

China Unifies Enforcement of Bond Markets Under CSRC

05/12/2018

The move to unify regulation of the bond markets under one authority is aimed at improving the overall regulatory system and preventing systemic risk.

Market Infrastructure

BCBS Publishes Report on Cyber-Resilience Practices Across Jurisdictions

05/12/2018

The report identifies, describes and compares the range of observed bank, regulatory and supervisory cyber-resilience practices across jurisdictions.

Market Infrastructure

SEBI Consults on Proposals to Allow Indian Firms to List Overseas

05/12/2018

An expert panel constituted by SEBI has issued recommendations that, if adopted, would enable Indian firms to list overseas and foreign companies to list directly in India.

Market Infrastructure

MAS Consults on Exemption Framework for Cross-Border Financial Services

05/12/2018

The MAS proposes that Singapore regulated entities no longer be required to seek approval before commencing business arrangements with foreign related companies.

Capital / Liquidity

Asset Quality Worsening at Bangladesh’s Banks – Moody’s

05/12/2018

Asset quality in the banking system is deteriorating due to governance weaknesses, with banks dipping into their core capital due to non-payment of loans.

Market Infrastructure

CBIRC Issues Rules for Banks on Wealth Management Subsidiaries

04/12/2018

Wealth management subsidiaries set up by commercial banks can directly invest funds from wealth management products into the stock market.