Capital / Liquidity

Progress of G-SIBs Toward Resolvability Deemed Satisfactory: FSB

19/11/2020

Most G-SIBs are estimated to already meet the final 2022 minimum external TLAC requirement, and the market has so far absorbed issuance without difficulty.

Deloitte Appointed to Review RBNZ Processes After Accidental Disclosure

18/11/2020

A letter confirming RBNZ’s decision to introduce a Funding for Lending Programme was sent to financial services firms 45 early last week.

Securities / Derivatives

Singapore Sees Regulatory Support for Bank-Issued Covered Bonds

18/11/2020

Moody’s Investors Service says the higher encumbrance limit set by MAS last month may increase covered bonds issuances, deepen the market and reduce refinance risks.

Capital / Liquidity

RBI Proposes DBS as Merger Partner to Rescue Lakshmi Vilas Bank

18/11/2020

The RBI has capped withdrawals from Lakshmi Vilas Bank and superseded the bank’s board due to its “rapidly deteriorating financial position”.

Market Infrastructure

HKMA Finalises New Reporting Form for Consolidated Accounts

17/11/2020

The new Return of Consolidated Accounts will help the HKMA monitor banking sector developments and strengthen the consolidated supervision of locally incorporated banks.

Fintech / Regtech

SFC Signs Fintech Cooperation Agreement with Israeli Regulator

17/11/2020

The agreement establishes a framework for information sharing, potential joint innovation projects and referrals of innovative firms seeking to enter one another’s markets.

Market Infrastructure

Thailand to Stop Issuing THBFIX Loans, Debt from July 2021

17/11/2020

All financial institutions will stop offering new loans and debt securities which reference THBFIX from 1 July 2021, Bank of Thailand says.

Market Infrastructure

ASIC Flags Concerns Over Further Infrastructure Issues at ASX

17/11/2020

Following a near-full day market closure, data issues prevented ASX from displaying Chi-X bids and offers on its Centre Point matching system.

AML / KYC

IMF Calls for Amendments to Philippine Bank Secrecy Laws

17/11/2020

The BSP should be granted “unimpaired access” to information on all customer accounts and the ability to employ and share depositor information for any prudential purpose.