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.

Enforcement

Vietnam Banks Ordered to Improve Internal Security

07/03/2018

Central bank instructs commercial lenders to improve staff oversight, upgrade security technology and boost fraud-related information sharing.

Capital / Liquidity

Bangladesh Banking Sector Faces Bad Loan Crisis

07/03/2018

Speakers at banking conference call for an immediate solution to Bangladesh’s 10 percent NPL ratio, the highest in the region.

Enforcement

ASIC Consults on Oversight of New Financial Complaints Body

06/03/2018

The regulator seeks feedback on whether firms need transitional relief from dispute resolution disclosure obligations in the lead up to the new body’s commencement in November.

Capital / Liquidity

APRA Mulls Removal of Mortgage Lending Cap

06/03/2018

Removing the 10 percent growth cap would enable banks to increase mortgage lending, ease mortgage rates for investors and boost competition in the sector.

Securities / Derivatives

Chinese Exchanges to List ‘Belt and Road’ Bonds

06/03/2018

Seven domestic and foreign companies have so far been granted approval to list Belt and Road bonds on the Shanghai and Shenzhen stock exchanges.

Capital / Liquidity

Vietnam Banks Receive Fitch Ratings Upgrades

06/03/2018

Positive rating action for Military Bank, Vietcombank and Vietinbank reflect improvements in asset quality and declining rates of bad debt.

Enforcement

India Approves Independent Audit Oversight Body

05/03/2018

The new body will have powers to impose penalties or debar chartered accountants or their firms for up to ten years.