Market Infrastructure

RBI Eyes Holding Company Model for India’s Banks

11/02/2019

The RBI wants banks to operate as subsidiaries of financial holding companies, with other business arms also split off into separate subsidiaries.

Securities / Derivatives

SEBI to Move Volatile Equity Derivatives to Physical Settlement

11/02/2019

Equities derivatives with heightened volatility will see an earlier than expected move to mandatory physical settlement, SEBI’s latest effort to reduce speculation and volatility.

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.