Trading & Investment

Vietnam Announces Risk Hedging Rules for Warrant Issuers

09/03/2018

Hi Chi Minh Stock Exchange to launch covered warrants in late March; issuers required to hold adequate underlying securities and submit daily reports to the exchange.

Resolution & Recovery

Sri Lanka to Bail Out Finance Company Depositors

09/03/2018

The central bank has cancelled troubled finance company CIFL’s licence and doubled the maximum deposit insurance payout for each depositor.

Credit Risk

Credit Reporting Regime Must Be Fair: ABA

09/03/2018

Banking association says new regime needs a way to flag special circumstances in credit histories to prevent discrimination against customers.

KYC & CDD

New Initiative to Help Boost Correspondent Banking Relationships

08/03/2018

Wolfsberg Group Questionnaire has potential to reduce costs associated with KYC application and streamline the establishment and maintenance of correspondent banking relationships.

KYC & CDD

SBI Fined for Noncompliance with Counterfeit Currency Rules

08/03/2018

Central bank investigators found that State Bank of India had not complied with rules on detection and impounding of counterfeit notes.

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.