Fraud, Scams & Cybercrime

UPDATED – Losses from Bank Fraud Up 72 Percent – RBI

07/01/2019

According to RBI data, the higher losses are in large part due to increasing cybercrime as well as the Punjab National Bank scandal in February 2018.

Capital Adequacy

Philippine Banking System Stable Despite Outside Challenges

07/01/2019

The Philippine banking system “remained robust and continued to exhibit strong capital position and sustained growth in core earnings”, says BSP deputy governor Chuchi Fonacier.

Structural Regulation

Hong Kong SFC Launches New Online Submission Portal

07/01/2019

All functions and submission services available on the existing SFC Online Portal will be migrated to the new platform in phases.

Trading & Investment

Technical Preparation for Shanghai-London Connect Completed

07/01/2019

The currency conversion system that delayed the launch of the Shanghai-London Stock Connect last month has now been completed.

Anti-Money Laundering

New Rules for Payments, E-Commerce Take Effect in China

04/01/2019

Non-bank payment institutions will be required to report to the central bank any consumer transactions exceeding 50,000 yuan and cross-border transfers over 200,000 yuan.

Market Abuse

SEBI to Upgrade Market Surveillance System and Data Warehouse

04/01/2019

India’s securities regulator is looking to beef up its IT infrastructure for market surveillance and trade data analysis to improve detection of market violations.

Liquidity Risk

China Lowers Bank Reserve Requirement for SME Lending

04/01/2019

The central bank has tweaked its definition of SMEs to include more firms and reduced reserve requirements for banks lending to these firms.

Credit Risk

BOT Urges Commercial Banks to Set Up Risk Management Boards

04/01/2019

Thailand’s central bank is concerned about underpricing of risk on corporate loans given “growing uncertainties” in domestic and international markets.

Capital Adequacy

Easing Bank Capital Requirements Would Hurt Economy – RBI

03/01/2019

The RBI says that current provisioning is inadequate to cover future losses from bad loans, which have been underrecognised by Indian banks.