Capital / Liquidity

RBI Directs Banks Not to Declare Dividends for FY2020

06/12/2020

Due to ongoing stress and heightened uncertainty amid the Covid-19 pandemic, the RBI wants to ensure banks can continue to conserve capital and support the economy.

AML / KYC

China Imposes Reciprocal Sanctions Against Four US-Linked Individuals

06/12/2020

Four individuals at US-linked nonprofits are barred from entering China, including Hong Kong and Macau, for having “performed badly” over Hong Kong affairs.

Capital / Liquidity

APRA Urges Smaller Banks to Identify Possible Merger Partners

06/12/2020

APRA’s John Lonsdale said the general quality of recovery plans amongst smaller banks was weaker than the regulator would like, and they may have fewer recovery options.

Securities / Derivatives

Singapore Exchange Lists First China Onshore RMB Bonds

06/12/2020

The listing strengthens financial markets connectivity between China and Singapore, and helps to internationalise China’s markets, China Development Bank said.

Capital / Liquidity

PBOC, CBIRC Finalise D-SIBs Assessment Framework

06/12/2020

The framework will take effect from 1 January 2021. The additional regulatory requirements for D-SIBs have not yet been announced.

Market Infrastructure

IOSCO Consults on Fair and Equitable Access Market Data

06/12/2020

Market participants in many jurisdictions have raised concerns about the content, costs, accessibility, fairness and consolidation of market data, IOSCO says.

Enforcement

Seoul Court Jails Daishin Securities Executive Over Fund Losses

06/12/2020

The FSC has also revoked the registration of Lime Asset Management, imposed a 950mn won fine against the firm and ordered the suspension of its staff and executive personnel.

AML / KYC

Australia Throws Out Bill to Criminalise Cash Payments Over A$10,000

06/12/2020

The bill would have imposed a fine of up to A$25,500 and two years’ jail for cash payments exceeding A$10,000. The bill is now “officially dead”, according to one senator.

Securities / Derivatives

Malaysia Completes First Physical Delivery of MGS Futures Contract

04/12/2020

The most from cash settlement to physical delivery of the 5-Year Malaysian Government Securities Futures Contract was announced in September.