Capital / Liquidity

Moody’s Takes Ratings Actions on Nineteen Chinese Banks

31/05/2018

Banks like Bank of China, Agriculture Bank of China, BOCOM and ICBC received upgrades on the back of an upgrade to China’s macro profile.

Securities / Derivatives

Singapore to Require Reporting of Short Selling Information

31/05/2018

Short sellers will have report their positions and short sell orders on SGX-listed securities to the MAS starting October this year; MAS rules expected to improve transparency.

Enforcement

Systemic Enquiry into Financial System Not Required – New Zealand Regulators

31/05/2018

RBNZ, FMA say so far no reason to conduct systemic investigation of financial industry’s conduct and culture; banks’ efforts at improving institutional conduct and culture will continue to be monitored.

Market Infrastructure

Vietnam to Adopt IFRS Starting This Year

31/05/2018

Vietnam to phase in IFRS standards starting this year until 2020 through the adoption of ten to twenty standards deemed appropriate for implementation.

Uncategorised

Japan to Adopt T+2 Stock Settlement in 2019

31/05/2018

T+2 settlement for equities set to begin on 16 July 2019; working group to shorten settlement cycle first setup in 2015.

Market Infrastructure

SEBI to Investigate Technical Glitches at NSE, MCX

31/05/2018

SEBI has sought a report from both the exchanges to understand the causes of the glitches that led to trading disruptions and the booking of duplicate trades.

AML / KYC

Australia Consults on Cash Payment Limits

28/05/2018

Government proposes limit of A$10,000 for cash payments to stamp out illegal payments and black economy; transactions exceeding limit must use electronic payments systems or cheques.

AML / KYC

SEBI Further Eases GIFT City Market Access for Foreign Investors

28/05/2018

SEBI has allowed a segregated nominee account structures for routing foreign stock trade orders at India’s IFSC, known as GIFT City.

Capital / Liquidity

BNZ Restates Capital Adequacy Ratios Due to Data Errors

28/05/2018

BNZ reported a 34 basis point overstatement of its capital adequacy ratio in its most recent quarterly earnings due to data collection error, marginal overstatement of capital adequacy due to mistakes in collateral value calculation.