Enforcement

China’s People’s Daily Attacks Regulators on Conflicts of Interest

07/02/2018

Official Communist Party newspaper says regulators should be barred from taking jobs at firms they have supervised in the past.

Capital / Liquidity

Japan Govt to Draw From ‘Dormant’ Bank Accounts

01/02/2018

Funds from accounts with no activity for 10 years to be used to fund public projects from Q2 2019.

Enforcement

China Punishes 12 Banks for Illegal Bills Trading Scandal, Fraud

31/01/2018

CBRC investigation revealed RMB 7.9 billion in illegal bank bills trading; life-time ban for Postal Savings Bank branch head.

Enforcement

China Tightens Outbound Investment Rules Despite Decline in 2017

29/01/2018

Temporary rules require more detailed filings on investment plans; enforcement to focus on deals worth $300mn or more or to sensitive countries, regions and industries.

Securities / Derivatives

FIX Releases New Technical Standard on Cybersecurity

26/01/2018

The new technical standard specifies how to use TLS to secure FIX communications, expected to improve cybersecurity across the industry.

Capital / Liquidity

Vietnam Lowers Capital Adequacy Ratio as Local Banks Struggle

26/01/2018

State bank lowers CAR to 8 percent as analysts and bank executives start to worry about capital adequacy under Basel norms.

Capital / Liquidity

Taiwan Regulator Eyes Digital-Only Bank Regime

24/01/2018

Head of Financial Supervisory Commission says to produce feasibility study this year; visit South Korea and Japan to investigate internet-only banking concept.

Securities / Derivatives

SZSE Reports ‘No Major Risks’ in 2017

24/01/2018

Exchange says risk assessments found more than 100 issues of concern but no major threats; to use big data, text mining to improve risk management.

Capital / Liquidity

Single Branch of Chinese Bank Fined $72mn for Hiding Bad Loans

24/01/2018

Branch of Shanghai Pudong Development Bank admits fault for issuing more than more than $12bn to over 1,400 shell companies.