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.

Fintech / Regtech

Japan FSA to Crack Down on Unlicensed Crypto Investment Firms

10/01/2019

Currently, investment firms collecting funds from investors in cryptocurrency do not explicitly fall under Japan’s Financial Instruments and Exchange Act.

AML / KYC

China to Relax Approval Process for Corporate Bank Accounts – Report

10/01/2019

The relaxation of account opening policies will enable companies to open bank accounts in a few days rather than wait months for central bank approval.

Securities / Derivatives

Bursa Malaysia Introduces New Trading Features

09/01/2019

The exchange has introduced market order at pre-closing, on-open orders, on-close orders, iceberg orders and one-cancel-other orders.

Market Infrastructure

China Mulls New Rules to Prevent Conflict of Interest at Ratings Agencies

09/01/2019

The new rules would prohibit firms from providing consulting services to companies they rate and require disclosures of any conflicts of interests.