Market Infrastructure

Japanese Banks Overstaffed, Over-branched Amid Declining Profitability – BOJ

25/10/2017

Central banks also points to potential systemic risk from ‘common exposure’ as competition to lend money intensifies.

Capital / Liquidity

Philippines Eyes Single-digit RRR

25/10/2017

Current 20% RRR is one of the highest in the world; capital market development to focus on fixed income and repo markets.

Capital / Liquidity

China Turns Local Governments into Regulatory Enforcers

23/10/2017

PBOC governor says regulatory agencies not properly coordinated, reiterates concern about bad debt as China transforms into market economy.

Capital / Liquidity

Bank of Japan Investigating Use of Supervisory Technology

23/10/2017

Central bank suggests financial market supervisors use of technology is one of the highest priorities in global regulation.

Market Infrastructure

Hong Kong Extends After-hours Index Futures Trading

23/10/2017

From 6 November, trading in mini and full versions of HSI and HSCEI index futures will be extended to 1am Hong Kong time.

AML / KYC

Taiwan FSC to Establish Platform for Information Security

19/10/2017

Order issued after reports that hackers breached bank’s online transaction system and stole $60mn which was distributed via SWIFT.

Enforcement

New Zealand Exempts Personalised Robo-advice from Licensing Regime

19/10/2017

Providers still need to be pre-approved to offer financial advice; new rules formalising licensing of robo-advice per se expected in 2019.

Market Infrastructure

10,000 Individuals Register Under Hong Kong MIC Regime

19/10/2017

About 40% of individuals to have registered under MIC so far are unlicensed as they are in charge of operations or control functions, SFC says.

Capital / Liquidity

ASEAN Integration Framework on Course for Completion by 2020

19/10/2017

Banking integration framework will allow cross-border operation by lenders from 10 Southeast Asian nations, BSP official confirms.