Securities / Derivatives

Singapore to Introduce New Corporate Structure For Funds

07/06/2018

S-VACC, Singapore’s new investment firm structure, will come into effect by next year and will help boost synergies between firm management and domiciliation, according to MAS managing director.

Crypto / Digital Assets

Indonesia Recognises Cryptocurrencies As Commodities

07/06/2018

Commodities regulator reportedly introducing futures trading in crypto even as Indonesia’s financial services regulator continues to bar financial firms from trading in any crypto-based instruments.

Capital / Liquidity

The Philippines Adopts NSFR For Large Banks

07/06/2018

Banks given six months starting 1 July to start reporting NSFR; banks unable to meet the ratio will need to submit funding plan to the central bank.

AML / KYC

Japan to Review AML Measures at Banks Ahead of FATF Inspection

07/06/2018

FSA to conduct interviews and on-site inspections on all of Japan’s banks and credit unions’ measures to prevent money laundering and illegal remittances.

Capital / Liquidity

China Resolves to Boost SMEs Financing to Mitigate US Tax Cut

04/06/2018

Cabinet extends VAT exemption three more years for small firms, cuts reserve requirement at banks, commits to increasing financing options; PBOC reforms medium term lending facility to increase funding for SMEs.

Enforcement

Citi, Deutsche, ANZ Face Criminal Cartel Charges in Australia

04/06/2018

Citigroup, Deutsche Bank and ANZ are facing criminal charges in Australia after an investigation revealed cartel behaviour in the trading of ANZ stock.

Capital / Liquidity

IFRS 9 to Cause Volatility in Singapore Bank Profitability – Moody’s

04/06/2018

The adoption of Singapore’s equivalent of IFRS 9 will be neutral for bank capitalisation, but changing risk and macroeconomic conditions could lead to varying levels of provisioning, says Moody’s.

Capital / Liquidity

China Finalises Liquidity Risk Rules for Banks

04/06/2018

Banks with assets over CNY 200 million will be subject to NSFR and LCR requirements; new rules take effect from July 1.

Capital / Liquidity

India Bank Employees Challenge RBI Loan Provisioning Norms

04/06/2018

Organisation representing bank employees filed a writ against RBI February circular on provisioning norms which has resulted in heavy losses at public sector banks