Payments & Settlements

HKMA, PBOC Collaborate on Cross Border Financial Services – Report

20/02/2019

As part of a plan to develop the Greater Bay Area, the HKMA and PBOC are reportedly planning to work together on the introduction of cross-border mobile payments and other financial services.

Payments & Settlements

Nomura AM to Provide CLS Settlement to Japan-Based Funds

20/02/2019

Japan funds to have access to CLS Settlement through Nomura Asset Management in a move to enable PvP settlement and adopt best practices promoted by the FX Global Code.

Fraud, Scams & Cybercrime

China Freezes $1.5bn in Assets, Arrests 62 in P2P Purge

20/02/2019

Since last June, a crackdown on peer-to-peer lenders by China’s Ministry of Public Security, codenamed ‘Fox Hunt’, has yielded $1.5bn in seized assets and 62 arrests.

Credit Risk

Bangladesh Bank Approval of Three New Banks Draws Criticism

20/02/2019

Bangladesh’s decision to approve three new banks has drawn criticism, given the rising nonperforming loans and declining governance standards in the banking sector.

Supervision & Enforcement

ASIC Issues Update on Implementation of Hayne Recommendations

20/02/2019

ASIC is considering over 40 enforcement cases, a number of which involve misconduct by large financial institutions, their employees or subsidiary companies.

Capital Adequacy

RBI to Pay $3.9bn Interim Dividend to Government

19/02/2019

India’s central bank will pay a $3.9bn interim dividend to the government amid pressures to transfer its surplus reserves.

Trading & Investment

UPDATED – Taiwan Mulls Introduction of Intraday Odd-lot Trading

19/02/2019

Currently, odd-lot trades are only permitted in after-hours trading. The introduction of intraday odd-lot trading will boost daily turnover and give retail investors more choice, the FSC says.

Credit Risk

CBIRC Drafts New Rules for Local Government AMCs – Report

19/02/2019

Many local government-run AMCs have not been focused on dealing with bad loans as intended due to a lack of clarity on their business scope.

Cybersecurity

SWIFT Publishes Counterparty Cybersecurity Risk Guide

19/02/2019

The guide assists organisations in incorporating their counterparties’ cybersecurity self-attestation data into their risk management frameworks and governance models.