Capital / Liquidity

India to Merge Three State Banks to Consolidate Weak Balance Sheets

19/09/2018

India has begun the process to merge Dena Bank, Vijaya Bank and Bank of Baroda in a bid to support their weak balance sheets and consolidate the state-run banking sector.

Market Infrastructure

ISDA Forum: Asia’s Banks Not Ready for 2020 Initial Margin Deadline

18/09/2018

Banks and buy-side firms should begin compliance processes to meet the September 2020 deadline as early as possible, urged panellists at the ISDA Industry and Regulatory Forum.

Market Infrastructure

ISDA Forum: Brexit Negotiations Should Avoid “Brinksmanship”

13/09/2018

Regulators at the ISDA conference in Singapore expressed concern about Brexit uncertainty, but were cautiously optimistic that Asia would suffer only minimal impacts in transactions with the EU and UK.

Market Infrastructure

CFTC Will Block Any Effort to Impose EMIR in the US: Giancarlo

13/09/2018

Legislative efforts in the EU to bring non-EU clearinghouses under EMIR has elicited sharp responses from the CFTC chairman, who said that only US regulation can apply to US derivatives markets.

Capital / Liquidity

CBIRC Fines Reach Unprecedented Levels in Financial Deleveraging Campaign

12/09/2018

The regulator has levied fines of over 4 billion yuan in the past 20 months, four times the 1 billion yuan in fines it levied in the previous 14 years.

AML / KYC

South Korea Mulls Machine-Readable Regulation

12/09/2018

FSS governor told fintech firms the regulator is considering machine readable regulation and automated data analysis systems to better detect and investigate financial crimes.

AML / KYC

SEBI Changes Course on Foreign Investor KYC Requirements

11/09/2018

SEBI may be going back on new rules restricting non-resident Indians and persons of Indian origin from investing in India via the FPI route.

Enforcement

ASIC’s Year Ahead to Focus on Conduct, Culture, Consumer Trust

11/09/2018

ASIC Commissioner John Price laid out the regulator’s priorities regarding conduct and culture risk in the financial industry in the coming year.

Capital / Liquidity

SFC Proposal to Restrict Margin Lending Threatens Brokers’ Survival – Report

11/09/2018

LegCo member Christopher Cheung met with SFC chairman Carlson Tong to represent broker concerns on potential margin lending restrictions.