Securities / Derivatives

Vietnam Announces Risk Hedging Rules for Warrant Issuers

09/03/2018

Hi Chi Minh Stock Exchange to launch covered warrants in late March; issuers required to hold adequate underlying securities and submit daily reports to the exchange.

Enforcement

Sri Lanka to Bail Out Finance Company Depositors

09/03/2018

The central bank has cancelled troubled finance company CIFL’s licence and doubled the maximum deposit insurance payout for each depositor.

AML / KYC

Credit Reporting Regime Must Be Fair: ABA

09/03/2018

Banking association says new regime needs a way to flag special circumstances in credit histories to prevent discrimination against customers.

AML / KYC

New Initiative to Help Boost Correspondent Banking Relationships

08/03/2018

Wolfsberg Group Questionnaire has potential to reduce costs associated with KYC application and streamline the establishment and maintenance of correspondent banking relationships.

Enforcement

SBI Fined for Noncompliance with Counterfeit Currency Rules

08/03/2018

Central bank investigators found that State Bank of India had not complied with rules on detection and impounding of counterfeit notes.

Market Infrastructure

Thailand, Indonesia Boost Capital Markets Cooperation

08/03/2018

Extension of MoU includes cooperation on cross-border transactions, product development, information technology and knowledge sharing.

Enforcement

S. Korea Seeks Powers to Fine False-Name Bank Accounts

07/03/2018

Legislative reforms aimed at granting FSC powers to collect fines of over 50 percent of assets found in false-name bank accounts.

Capital / Liquidity

Loan Provisions for Chinese Banks Eased

07/03/2018

Loan loss provisions to be lowered to between 120 and 150 percent of bad loans total; provisions against total loan book also reduced.

Enforcement

RBI Fines Axis Bank $460,000 for Bad Loan Classification Failures

07/03/2018

Statutory inspection revealed gross NPAs higher than Axis Bank’s reported numbers; Indian Overseas Bank also fined for KYC failures.