Securities / Derivatives

SEBI Allows Mutual Funds to Segregate Distressed Assets in Portfolios

13/12/2018

At its latest board meeting, SEBI approved a plan to allow mutual funds to create segregated portfolios for assets experiencing credit events, among a number of other proposals.

Capital / Liquidity

Philippines to Introduce Basel III Countercyclical Capital Buffer

13/12/2018

The CCyB will initially be set at 0% but is subject to upward adjustment – up to a maximum of 2.5% – when warranted by systemic conditions.

Market Infrastructure

SFC Concludes Consultation on Enhancements to OTC Derivatives Regime

13/12/2018

OTC derivatives participants will be subject to new risk mitigation requirements, as well as conduct requirements for dealings with group affiliates and related parties.

Capital / Liquidity

FRTB Capital Requirements Set for Further Delays – Report

12/12/2018

European legislators have reportedly agreed to initially introduce only the reporting requirements under FRTB and delay the capital requirements.

Enforcement

RBI Fines Indian Bank for Violating Cybersecurity Norms

12/12/2018

The Reserve Bank of India has fined Indian Bank 10 million rupees for deficiencies in regulatory compliance with cybersecurity norms.

Capital / Liquidity

Basel Committee Finalises Pillar 3 Disclosure Requirements

12/12/2018

The updated framework accounts for finalised post-crisis reforms under Basel III and includes new disclosure requirements for asset encumbrance and capital distribution constraints.

Capital / Liquidity

Australia’s Banking Oligopoly Lacks Mortgage Price Transparency – ACCC

11/12/2018

An inquiry by Australia’s competition watchdog found that opaque discretionary mortgage pricing at major banks is stifling competition and disincentivising borrowers from seeking better offers.

Capital / Liquidity

PBOC Consults Internally on Draft Rules for Financial Conglomerates – Report

11/12/2018

New rules for financial holding companies could include requirements on capital adequacy, caps on non-financial assets, and segregation of business units.

Market Infrastructure

SEBI Issues Cybersecurity Framework for Market Infrastructures

11/12/2018

Stock exchanges, clearing corporations and depositories have six months to put in place appropriate systems and processes for implementation of the new guidelines.