Trading & Investment

Thailand, Indonesia Boost Capital Markets Cooperation

08/03/2018

Extension of MoU includes cooperation on cross-border transactions, product development, information technology and knowledge sharing.

Anti-Money Laundering

S. Korea Seeks Powers to Fine False-Name Bank Accounts

07/03/2018

Legislative reforms aimed at granting FSC powers to collect fines of over 50 percent of assets found in false-name bank accounts.

Credit Risk

Loan Provisions for Chinese Banks Eased

07/03/2018

Loan loss provisions to be lowered to between 120 and 150 percent of bad loans total; provisions against total loan book also reduced.

Credit Risk

RBI Fines Axis Bank $460,000 for Bad Loan Classification Failures

07/03/2018

Statutory inspection revealed gross NPAs higher than Axis Bank’s reported numbers; Indian Overseas Bank also fined for KYC failures.

Fraud, Scams & Cybercrime

Vietnam Banks Ordered to Improve Internal Security

07/03/2018

Central bank instructs commercial lenders to improve staff oversight, upgrade security technology and boost fraud-related information sharing.

Credit Risk

Bangladesh Banking Sector Faces Bad Loan Crisis

07/03/2018

Speakers at banking conference call for an immediate solution to Bangladesh’s 10 percent NPL ratio, the highest in the region.

Structural Regulation

ASIC Consults on Oversight of New Financial Complaints Body

06/03/2018

The regulator seeks feedback on whether firms need transitional relief from dispute resolution disclosure obligations in the lead up to the new body’s commencement in November.

Credit Risk

APRA Mulls Removal of Mortgage Lending Cap

06/03/2018

Removing the 10 percent growth cap would enable banks to increase mortgage lending, ease mortgage rates for investors and boost competition in the sector.

Trading & Investment

Chinese Exchanges to List ‘Belt and Road’ Bonds

06/03/2018

Seven domestic and foreign companies have so far been granted approval to list Belt and Road bonds on the Shanghai and Shenzhen stock exchanges.