Capital / Liquidity

FSB Publishes 2020 List of Global Systemically Important Banks

11/11/2020

JP Morgan and China Construction Bank were raised to a higher bucket; Goldman Sachs and Wells Fargo were moved to a lower bucket.

Capital / Liquidity

Loan Loss Expectations Prompt Need for Collateral Visibility

11/11/2020

Collateral is one of the more underutilised credit risk mitigation tools available to banks, and likely to become more important as loan losses mount in the year ahead.

Securities / Derivatives

China Launches First New Domestic Securities Firm in Ten Years

11/11/2020

The company was set up to take over the securities-related assets of CEFC Shanghai Securities, whose licenses were revoked last year.

AML / KYC

MAS Proposes to Strengthen FIs’ Identity Verification Process

10/11/2020

The proposed Notice will prohibit FIs from relying on common personal information such as NRIC number, residential address and date of birth as the sole means of identity verification.

Fintech / Regtech

Australian Regulators Propose New Regulatory Regime for SVFs

10/11/2020

The proposed framework includes flexibility to ensure that regulation is able to adapt to innovations such as digital wallet facilities and global stablecoins.

Capital / Liquidity

BOJ Offers Interest Incentive for Regional Banks to Merge

10/11/2020

Regional banks can earn the interest rate by meeting certain overhead reduction targets or by agreeing to a merger with another bank.

Market Infrastructure

FIs Need to Bolster Security Controls to Mitigate Cyber Risk: MAS

10/11/2020

FIs need to review the adequacy of their cyber risk mitigating measures and controls, including in relation to third-party vendors and open-source software.

Capital / Liquidity

APRA Adjusts Capital Treatment of Equity Investment in Subsidiaries

10/11/2020

The move is aimed at ensuring that any new or additional equity investments by banks in subsidiaries is backed by appropriate capital to reduce the risk to Australian depositors.

Securities / Derivatives

Thailand Makes Stock Trading Fees Tax-deductible Until Year-End

10/11/2020

The SEC has notified investors that they can use securities and futures trading fees for tax deductions under a new government scheme.