Capital Adequacy

RBI Removes Three More Banks from PCA Framework

26/02/2019

Allahabad Bank and Corporation Bank have been released from PCA restrictions following the government’s capital infusion last week; Dhanlaxmi Bank was found not in breach of any PCA risk thresholds.

Credit Risk

UOB, OCBC, DBS to Face Challenging Year Ahead – Moody’s

26/02/2019

Singapore’s three largest banks will face greater asset risks and stagnation of net interest margins in 2019, making it a difficult year ahead for profitability, according to Moody’s Investors Service.

Emerging Prudential Risks

Australian Financial Sector Needs Stronger Systemic Risk Oversight – IMF

26/02/2019

Among other findings, the report notes the need for additional investment in data and analytical tools to strengthen prudential supervision and systemic risk oversight.

Tokenisation

Thailand to Allow Scripless Issuance, Tokenisation of Securities

26/02/2019

The National Legislative Assembly has endorsed an amendment that will enable the scripless issuance and tokenisation of primary market securities, as early as this year.

Structural Regulation

Philippine President to Select New BSP Chief

26/02/2019

Seen as a champion for banking reform and financial inclusion, BSP governor Nestor Espenilla passed away on Saturday after just 18 months on the job.

Trading & Investment

Indonesia Unveils New Rules to Boost Capital Market Activity

26/02/2019

Indonesia’s stock exchange plans to encourage retail investment in the stock market by lowering the minimum price floor and order lot size, among other measures.

Liquidity Risk

Sri Lanka Cuts Bank Reserve Requirements

26/02/2019

To boost credit growth, the Central Bank of Sri Lanka has cut the statutory reserve ratio for commercial banks from 6 to 5 percent, starting in March.

Credit Risk

Westpac Faces Class Action for Irresponsible Lending

26/02/2019

Westpac has vowed to fight the claim, saying it takes its responsible lending obligations very seriously. But it could face a multi-million-dollar settlement if other borrowers join the class action.

Payments & Settlements

UPDATED – S. Korea to Boost Fintech Development with Open Banking

26/02/2019

The FSC plans to make banking APIs more open, accessible and cost-efficient so all nonbank fintech players can access Korea’s payment network.