Cryptocurrency

Thailand Green Lights Seven Crypto Operators

21/08/2018

Crypto businesses were in May given 90 days to register with the SEC if they wished to carry on their business.

Credit Risk

Moody’s Upgrades 14 Vietnamese Banks Following Sovereign Ratings Upgrade

20/08/2018

Three state-run banks were among those that received local and foreign currency ratings upgrades following a notch up in Vietnam’s sovereign rating earlier this year.

Anti-Money Laundering

HKMA Reprimands, Fines Shanghai Commercial Bank for AML/CFT Failures

20/08/2018

The bank was fined HK$5mn for ineffective procedures for continuous monitoring of business relationships and due diligence on pre-existing customers.

Market Data & Technology

CPMI, IOSCO Consult on Governance of OTC Derivatives Data

20/08/2018

New consultative document identifies key criteria, functions and bodies for the governance arrangements for critical OTC derivatives data elements data, other that UTI and UPI.

Credit Risk

China Seeks ‘Bad Bank’ AMCs’ Help to Resolve P2P Crisis

20/08/2018

The government is asking the 4 state-owned asset managers set up in 1999 to repair bank balance sheets for help with custody, liquidation and restructuring of P2P assets.

Credit Risk

China Banks Holding Bad Loans in Record Numbers

16/08/2018

Loans classified as non-performing jumped to $284bn at banks, up 10% during the second quarter. Banking regulator says asset quality is “stable”.

Market Abuse

UPDATED – CSRC Hits Celebrity Trader with $260mn Market Manipulation Penalty

13/08/2018

Celebrity trader Gao Yong used his control over 16 securities accounts to manipulate stock prices, profiting by almost CNY 900 million in just six months.

Structural Regulation

Stock Connect ID System for Northbound Trades Slated for September Launch

13/08/2018

Northbound investor ID system is scheduled to be implemented on 10 September, pending market readiness and regulatory approval, and will not affect the business of existing market participants.

Capital Adequacy

Indian Government Urges RBI to Ease Bank Capital Rules

10/08/2018

Under Basel III rules, banks would need to hold CET1 capital of 4.5% of RWAs, compared to the 4.5% now required of Indian banks.