Structural Regulation

Philippines to Ease Forex Rules, Ending Registration System

30/10/2017

Central bank governor says rules will be relaxed so inbound investment, private sector foreign currency borrowing require reporting, not registration.

Emerging Prudential Risks

BCBS Gives Banks Just 2.5 Years to Work-out Step-in Risk

26/10/2017

Step-in risk guidelines due to be implemented by 2020 will require reporting rather than additional liquidity or capital charges.

Cloud & Infrastructure

Old Rivals Hong Kong, Singapore Launch Fintech Tie-up

26/10/2017

Decision to work together on distributed ledger, other fintech initiatives belie reputed rivalry between two financial centres.

KYC & CDD

RBI Confirms ID-Bank Account Link Compulsory, to Create Public Credit Registry

25/10/2017

Central bank says Aadhar cards must be linked to bank account; proposed credit registry to be open to ‘all stakeholders’.

Supervision & Enforcement

ASIC to Seek 10-year Sentences for Corporate Criminals

25/10/2017

Securities regulator says current maximum punishments are not sufficient as they don’t wipe out gains made from illicit activity.

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.