Securities / Derivatives

Industry Bodies Call on SEC to Reassess Custody Rule Proposal

14/09/2023

A letter from 26 trade associations calls on the SEC to re-evaluate the costs and economic impacts of its custody rule proposal.

FSC Korea to Tighten Rules on 50 Year Mortgage Loans

14/09/2023

Banks only started offering 50-year mortgages this year, but household debt grew in August at the fastest pace since February 2020.

Enforcement

Former China Life Chairman Received Suspended Death Sentence

14/09/2023

Wang Bin was sentenced for accepting bribes worth CNY 325 million and illegally concealing CNY 54.2 million in overseas deposits.

Crypto / Digital Assets

HKMA, Central Banks to Beta Test CBDC Interoperability Solution

14/09/2023

New use cases for the solution, developed by Swift, are also being tested in a new sandbox environment by the RBA, BOT, CLS and other institutions.

Capital / Liquidity

Taiwan to Release New Rules on Bank Capital Soon

14/09/2023

The biggest impact for banks is expected to be from the higher risk weighting applied to equity investment positions.

Capital / Liquidity

UK FCA Intensifies Oversight of Bank Risk Assessment

13/09/2023

Risks from customers can affect a bank’s ability to have enough liquidity in challenging markets, the FCA’s Simon Walls said in a letter to bank CEOs.

Securities / Derivatives

SEBI Allows REIT, InvIT Unitholders to Nominate Board Members

13/09/2023

REIT and InvIT unitholders holding more than 10 percent of the units can nominate board members.

Capital / Liquidity

US Banks Call for Release of Evidence to Support Basel Proposal

13/09/2023

Prominent banking associations are demanding the release of the data and analysis to support changes to capital requirements for large banks.

Crypto / Digital Assets

BIS Innovation Hub Unveils Findings from CBDC Project “Sela”

13/09/2023

The collaboration with HKMA and Bank of Israel demonstrated that retail CBDC can support access, cyber security and competition, while retaining cash features.