Emerging Prudential Risks

Japanese Banks Overstaffed, Over-branched Amid Declining Profitability – BOJ

25/10/2017

Central banks also points to potential systemic risk from ‘common exposure’ as competition to lend money intensifies.

Liquidity Risk

Philippines Eyes Single-digit RRR

25/10/2017

Current 20% RRR is one of the highest in the world; capital market development to focus on fixed income and repo markets.

Emerging Prudential Risks

China Turns Local Governments into Regulatory Enforcers

23/10/2017

PBOC governor says regulatory agencies not properly coordinated, reiterates concern about bad debt as China transforms into market economy.

AI Risk & Governance

Bank of Japan Investigating Use of Supervisory Technology

23/10/2017

Central bank suggests financial market supervisors use of technology is one of the highest priorities in global regulation.

Trading & Investment

Hong Kong Extends After-hours Index Futures Trading

23/10/2017

From 6 November, trading in mini and full versions of HSI and HSCEI index futures will be extended to 1am Hong Kong time.

Cybersecurity

Taiwan FSC to Establish Platform for Information Security

19/10/2017

Order issued after reports that hackers breached bank’s online transaction system and stole $60mn which was distributed via SWIFT.

Structural Regulation

New Zealand Exempts Personalised Robo-advice from Licensing Regime

19/10/2017

Providers still need to be pre-approved to offer financial advice; new rules formalising licensing of robo-advice per se expected in 2019.

Conduct, Culture & Accountability

10,000 Individuals Register Under Hong Kong MIC Regime

19/10/2017

About 40% of individuals to have registered under MIC so far are unlicensed as they are in charge of operations or control functions, SFC says.

Structural Regulation

ASEAN Integration Framework on Course for Completion by 2020

19/10/2017

Banking integration framework will allow cross-border operation by lenders from 10 Southeast Asian nations, BSP official confirms.