Capital / Liquidity

HKMA Banking Securitisation Code Takes Effect

14/01/2019

The Code provides guidance on the qualifying conditions to use the internal assessment approach for calculating the capital requirement for certain securitisation exposures.

Enforcement

RBI Imposes Monetary Penalty on Citibank India

14/01/2019

The ₹30mn penalty is based on deficiencies in regulatory compliance related to ‘fit and proper’ requirements for bank directors.

Market Infrastructure

Productivity Commission Identifies Structural Flaws in Super Sector

11/01/2019

Superannuation members could benefit by an estimated A$3.8bn if two main structural problems were fixed, says the Productivity Commission in a new report.

Market Infrastructure

India Introduces Cybersecurity Rules for Mutual Funds, Asset Managers

11/01/2019

Mutual funds and asset management companies must develop a cybersecurity policy document approved and regularly reviewed by their boards and trustees.

Capital / Liquidity

India Delays Implementation Of Capital Conservation Buffer By One Year

11/01/2019

The RBI has announced the final tranche of the capital conservation buffer will be applicable from 31 March 2020 instead of 31 March 2019.

ASIC Consults on Fee, Cost Disclosures at Super, Managed Funds

10/01/2019

ASIC proposes new disclosure norms for superannuation and managed investment funds to boost transparency and comparability between funds.

Capital / Liquidity

RBI Turns Down Bank Requests for Special Classification of IL&FS Loans

10/01/2019

Banks will need to provision for IL&FS assets at the standard rate of 15% in the first year in the December quarter and will not get the six month reprieve they had asked for.

Market Infrastructure

Citi to Divest Stake in Mainland Securities Joint Venture

10/01/2019

Citi is looking to form its own majority-owned securities joint venture in China following new rules allowing foreign firms to acquire controlling stakes in such partnerships.

Market Infrastructure

BIS Issues Report on Central Bank Digital Currencies

10/01/2019

Only one of 63 central bank respondents has said it is very likely to issue a central bank digital currency in the next six years.