Capital / Liquidity

S. Korea FSC Wants More Supervision over Financial Conglomerates

07/03/2019

South Korea’s FSC is pushing to expand its oversight of conglomerates to include those that own other types of financial businesses besides banks.

Capital / Liquidity

India to Raise Capital Rules for Housing Finance Companies

07/03/2019

India’s mortgage regulator is proposing to increase capital adequacy requirements for housing finance companies from 12% to 15% by March 2022.

Market Infrastructure

Japan Mulls Measures to Enable Consolidation of Ailing Banks

07/03/2019

Japan’s government plans to introduce legislation that will provide exemptions from its anti-monopoly law to allow regional banks to consolidate more easily.

Fintech / Regtech

MAS Centralises Technology Functions to Drive Digital Transformation

07/03/2019

The MAS’ new Technology Group will centralise its technology capabilities and strengthen supervision of technology risks in the financial sector.

PBOC to Unify Financial Consumer Protection Under Single Agency

07/03/2019

Under the current mechanism, financial consumer rights protection is handling by various regulatory bodies, which lack coordination and where standards are not uniform.

Capital / Liquidity

Bangladesh to Make Sweeping Banking Sector Reforms

07/03/2019

Bangladesh Bank is spearheading a wide-ranging policy review to tackle soaring NPLs and willful defaulters in the nation’s banking sector.

Market Infrastructure

BSP Eyes Oversight Extension to Cover Banking Conglomerates

07/03/2019

The BSP gained sweeping new powers last month, but it did not gain the oversight authority over conglomerates that own or control Philippine banks.

Capital / Liquidity

S. Korea Issues New Guidance on Large Exposures

07/03/2019

Moody’s says the requirements are more conservative than existing limits on counterparty risk and will further reduce banks’ maximum losses if a counterparty suddenly fails.

Enforcement

S. Korea Mulls Granting Investigative Powers to FSS

06/03/2019

Under the new approach, the FSS will be able to launch investigations without having to first report to the FSC and request warrants to search and seize evidence.