Fraud, Scams & Cybercrime

Indian Billionaire Arrested in London over $2bn Bank Fraud

22/03/2019

India’s diamond billionaire, Nirav Modi, has been arrested in London for his alleged role in a $2bn fraud at Punjab National Bank reported last year.

Structural Regulation

SEBI Consults on Adoption of Dual Class Share Structures

22/03/2019

SEBI’s consultation paper seeks feedback on the issuance of dual class shares by companies already listed in India and those that may be in future.

Trading & Investment

RBA’s Kent Urges Continued Preparation for the End of LIBOR

21/03/2019

The RBA’s Christopher Kent urges market participants to continue preparing for the end of LIBOR by moving to alternative RFRs and adopting more robust fall-back provisions in contracts.

Capital Adequacy

Basel III Monitoring Reveals Fall in Big Banks’ Capital Ratios

21/03/2019

The latest monitoring exercise indicates that all banks are meeting CET1 and LCR requirements, but that the biggest banks’ capital ratios have fallen for the first time.

Liquidity Risk

CBIRC Orders Banks to Disclose NSFR Every 6 Months

21/03/2019

China’s banking regulator has issued new rules requiring mandatory disclosure of NSFR every six months, and additional public disclosures of NSFR data on banks’ websites.

KYC & CDD

BOCHK Launches Pilot Service for Mainland Account Opening

20/03/2019

BOCHK has been granted regulatory approval to launch a pilot scheme that enables Hong Kong citizens to open a personal bank account in the mainland, remotely.

Conduct, Culture & Accountability

FMSB Reports Progress in Enhancing Market Conduct Standards

20/03/2019

The FICC Markets Standards Board, in its 2018 annual report, highlighted key achievements to enhance standards of behaviour in wholesale FICC markets.

Sustainable Finance

ACMF Advances Efforts on Sustainable Finance, Regional Connectivity

20/03/2019

The ASEAN Capital Markets Forum has endorsed a roadmap for promoting sustainable investment and launched a framework for cross-border publication of research.

Credit Risk

RBI Asks Banks to Boost Monitoring of End Use of Loan Funds

20/03/2019

Following a string of penalties against banks last month, the RBI has asked banks to improve their monitoring of the origin and end use of loan funds.