Capital Adequacy

Asian Banks Forced to Boost Capital at UK Subsidiaries

06/10/2015

The Bank of England has tightened regulations for foreign banks offering retail services to UK consumers, forcing many overseas lenders to inject more capital into their UK subsidiaries.

Operational Risk

Malaysia Issues New Policy Document on Compliance

05/10/2015

Bank Negara Malaysia (BNM) has released new policy requirements on compliance for financial institutions which will come into effect on January 1, 2017.

Conduct, Culture & Accountability

Thailand Enhances Financial Reporting Ecosystem

05/10/2015

Thailand’s Securities and Exchange Commission has launched an initiative to enhance the sustainability of the financial reporting ecosystem.

Structural Regulation

Hong Kong SFC Chairman Carlson Tong Reappointed

05/10/2015

The Securities and Futures Commission has reappointed Carlson Tong as its chairman for a term of three years effective from October 20, 2015.

Anti-Money Laundering

Myanmar Central Bank Releases AML/CTF Guidelines

05/10/2015

The Central Bank of Myanmar has published risk management guidelines for anti-money laundering and counter terrorist financing at financial institutions.

Structural Regulation

CSRC Considers Lifting IPO Suspension

04/10/2015

The China Securities Regulatory Commission is considering the resumption of initial public offerings, after halting approvals since July amid a domestic stock market meltdown.

Conduct, Culture & Accountability

New Zealand Reports on First Year of New Conduct Regime

04/10/2015

The Financial Markets Authority has issued the first annual report under the new Financial Markets Conduct Act, highlighting progress in delivering a modern and flexible approach to regulating financial services.

Structural Regulation

S. Korea Considers Approvals for Internet-Only Banks

04/10/2015

Three consortiums led by IT firms have applied for preliminary licenses to launch the country’s first Internet-only banks.

Credit Risk

MAS Proposes Margin Requirements for Non-Centrally Cleared OTC Derivatives

03/10/2015

The Monetary Authority of Singapore has issued a consultation paper proposing to implement margin requirements for non-centrally cleared OTC derivative trades to reduce counterparty credit risks.