Trading & Investment

China to Allow Foreign Banks to Underwrite Interbank Market Bonds

29/08/2019

Foreign banks are currently limited to underwriting business involving offshore non-financial issuers. ‘Class A’ licences will allow them to underwrite bonds in the interbank market.

Capital Adequacy

Japan FSA Plans New Measures to Ensure Regional Bank Sustainability

29/08/2019

To encourage consolidation among struggling regional lenders, the FSA may lower deposit insurance fees paid by banks that are more financially robust.

Trading & Investment

China Launches New FX Options Trading Pairs in Interbank Market

28/08/2019

Before Monday, the CFETS only provided FX options trading where one side of the pair was the CNY. New contracts include EUR/USD, USD/JPY, GBP/USD, AUD/USD and USD/HKD.

Capital Adequacy

RBI to Transfer $24bn to Govt on Committee Recommendation

28/08/2019

The transfer will comprise of a $17.2bn income surplus and $7.4bn in excess provisions resulting from a newly revised economic capital framework for the RBI.

Structural Regulation

China to Accelerate Capital Market Reforms – Report

28/08/2019

The CSRC said it has adapted its plan to accelerate the opening-up of the capital market from international best practices.

Supervision & Enforcement

Philippine Police Arrest Former Govt Official for Banking Law Violations

28/08/2019

Former foreign affairs secretary Perfecto Yasay Jr is reportedly accused of conspiring to obtain a $6.7mn loan for a company without reporting the loan to the central bank.

Credit Risk

PBOC Sets Mortgage Rate Floor to Curb Risk

28/08/2019

The rate on mortgages for first-time home buyers must be at least the loan prime rate; for second-time home buyers it must be at least LPR plus 60bp.

Anti-Money Laundering

AUSTRAC Campaign Targets Illegal Money Transfer Dealers

28/08/2019

The campaign seeks to raise community awareness of the money laundering threat that unregistered money transfer dealers pose.

Data Privacy

ACCC Invites Firms to Test Open Banking Data Sharing

27/08/2019

The ACCC is seeking participants to help it test the data-sharing ecosystem under the consumer data right, which was passed into law earlier this month.