Capital / Liquidity

S. Korea Trials New Regulatory Framework For Financial Holding Firms

02/07/2018

FSC has developed a new standard for gauging capital adequacy at South Korea’s financial conglomerates; The new metric ranks Samsung the highest and Hyundai the lowest – but still above levels that would require it to raise equity.

Capital / Liquidity

Communist Party Committees To Foster Risk Aversion at Chinese Banks

28/06/2018

China’s regional and mid-tier banks are formally establishing Communist Party committees in support of the government’s bid to crackdown on excessive risk taking in the banking sector.

Securities / Derivatives

India Mulls Allowing Mutual Funds in Commodities Derivatives – Report

28/06/2018

Market regulator SEBI discussing whether to allow retail investors to participate in commodity derivatives through mutual funds; may also allow derivatives based on commodity indices.

Securities / Derivatives

Hong Kong Finalises OTC Derivatives Framework

28/06/2018

HKMA and SFC published conclusions from their March 2018 consultation on LEI requirements, reporting norms and platform trading.

Enforcement

S. Korea Investigates Three Banks for Loan Rate Manipulation

28/06/2018

Citibank Korea, BNK Kyongnam Bank and KEB Hana Bank are being investigated by FSS over allegedly manipulating loan rates to overcharge retail borrowers.

Securities / Derivatives

Sri Lanka Bourse To Launch New Board for SMEs

27/06/2018

The Colombo Stock Exchange and the securities regulator are launching an SME board next week to encourage equity financing by small firms and boost growth and corporate governance in the sector.

Market Infrastructure

Capital Markets Industry Groups Call For Transition Away from IBORs

27/06/2018

Joint report from ISDA, AFME, ICMA and SIFMA shows almost 90% of respondents concerned about exposure to interbank offer rates; close to 80% looking to transition away in the next four years.

Enforcement

Former Vietnamese Central Banker On Trial in $655mn Fraud Case

27/06/2018

Former SBV deputy governor is being charged with dereliction of duty following a $655mn fraud case arising from government restructuring of weak public sector banks in 2013.

Capital / Liquidity

BIS Warns Of Vulnerabilities In Non-Bank Sector

25/06/2018

BIS warns of changing bank business models that has increased the market share and interlinkages among non-bank firms, especially asset management firms that are increasingly vulnerable to interest rate and redemption risks.