Trading & Investment

New Directive for Indian AMCs a Boost for Offshore Fund Flows

23/05/2019

Indian asset management companies serving offshore funds as advisers will now be entitled to tax benefits which will enable them to take up direct fund management of offshore funds.

Trading & Investment

SEBI Permits Mutual Funds to Trade Commodity Derivatives

23/05/2019

Mutual funds will be allowed to trade exchange-traded commodity derivatives, but cannot invest in physical goods, except through gold ETFs.

Capital Adequacy

Bangladesh Eases Banks’ Stock Exposure Rules to Free Up Capital

22/05/2019

In a bid to boost banking system liquidity, the central bank has excluded investments in non-listed securities from banks’ capital market exposure calculations.

Reporting & Disclosures

Japan TCFD Consortium Set for 27 May Inauguration

22/05/2019

The Consortium will serve as a platform to pursue climate-related financial disclosures and decide how the disclosed information will be used in investment decisions.

Fraud, Scams & Cybercrime

Former DBS Hong Kong Sales Rep Jailed for Loan Fraud

22/05/2019

A former sales representative of DBS Bank in Hong Kong was last week sentenced to 14 months’ imprisonment for defrauding the bank of loans and commissions.

Structural Regulation

MAS Proposes Consolidated Regulation, Licensing for Merchant Banks

22/05/2019

MAS is consulting on proposals to consolidate regulation of merchant banks under the Banking Act, and to move them to a licensing regime.

Structural Regulation

SEBI Publishes Capital Markets Sandbox Framework

22/05/2019

SEBI’s sandbox framework for capital markets innovation comes just weeks after the RBI released its own sandbox framework for banking and payment services.

Credit Risk

APRA Proposes Loosening of Mortgage Rules

22/05/2019

APRA proposes to give ADIs more flexibility in the way they assess mortgage loan serviceability, while also increasing the maximum borrowing capacity for a given borrower.

Capital Adequacy

RBNZ Closes Bank Capital Consultation, NZBA Calls for Rethink

22/05/2019

The RBNZ’s capital proposals have been under fire since December. The NZBA is the latest to call for a rethink of the capital rules, citing economic costs estimated over NZ$1.8bn a year.