Market Abuse

Switzerland Fines Five Global Banks Involved in FX Trading Cartel

10/06/2019

Adding to the European Commission’s $1.2bn fine last month, Citigroup, Barclays, RBS, JP Morgan and MUFG have been fined $91mn by the Swiss Competition Commission.

Trading & Investment

RBI to Roll Out Retail FX Trading Platform in August

10/06/2019

The new trading platform is expected to improve pricing by unifying the existing fragmented market structure.

Liquidity Risk

RBA Says Banks Can Hold More Govt Securities to Meet LCR

10/06/2019

Banks can increase the proportion of government securities they hold to meet prudential liquidity requirements.

Anti-Bribery & Corruption

ICBC Shanghai Boss Under Corruption Probe

08/06/2019

The statement from the Chinese Communist Party’s anti-corruption body did not provide details the alleged misconduct.

Sustainable Finance

IOSCO Publishes Recommendations on Sustainable Finance

08/06/2019

The report identifies the prerequisites for creating an ecosystem that facilitates sustainable finance, and sets out 10 recommendations for growth and emerging markets.

Liquidity Risk

SEBI Mulls Liquidity Buffer Requirement for Funds

08/06/2019

The proposal could require all liquid funds to invest a fixed portion of their assets in government securities or other sovereign debt.

Data Privacy

Philippines: Online Lenders to Adopt Code of Conduct

08/06/2019

The pledge comes after 48 online lenders were cited for using customers’ personal data to publicly shame people who did not settle their debts on time.

Payments & Settlements

UPDATED – RBI Removes RTGS, NEFT Fund Transfer Fees

07/06/2019

Industry players and banking experts say the move will not only boost digital payments, but also make transactions faster, safer and cost-effective.

Credit Risk

China Urges Private Firms to Swap Debt for Equity

07/06/2019

China’s debt-to-equity swaps programme has been dominated by state enterprises. More private companies are now being encouraged to participate to reduce short-term repayment pressures.