Market Infrastructure

India Directs Payment Firms to Store User Data Onshore

09/04/2018

Payment service providers have been asked to move all consumer data, including end-to-end transaction details to India within six months to ensure easier access by the central bank for supervisory purposes. Foreign firms to be impacted more than domestic firms.

Capital / Liquidity

Singapore Bank Resolution Regime Favours Bailouts Over Credit Bail-ins – Moody’s

05/04/2018

Singapore regulations favour bailouts over creditor bail-ins as bail-in buffers only comprise 1-2% of Singapore bank assets, says Moody’s.

Enforcement

PNB Investigation Reveals Systemic Failures at Bank, RBI

05/04/2018

PNB allegedly misled the regulator about the progress of its Swift integration. Indian law enforcement noted that an ill-defined risk-based supervisory approach may have caused the RBI to miss the fraud.

Securities / Derivatives

Indian Banks Can Spread Bond Losses Over Four Quarters

05/04/2018

Banks to get a breather from taking immediate losses on rising government yields, as provisioning on NPLs have put pressure on profitability across the industry.

Market Infrastructure

Bangladesh Banks Call for Reforms on Internal Controls, Compliance

02/04/2018

The Bangladesh Institute of Bank Management presented a report calling for reform of internal control and compliance departments at the country’s banks.

AML / KYC

Sri Lanka Investigating “Suspicious” Chinese-held Bank Accounts

02/04/2018

Sri Lanka’s financial crimes unit is investigating suspicious transactions originating from three Chinese-held accounts with LKR957 million.

Enforcement

ICICI Bank Fined for Failing to Disclose Debt Securities Sale

31/03/2018

ICICI Bank sold debt securities from its held-to-maturity portfolio in excess of 5 percent of total value without the necessary disclosure in contravention with RBI rules.

Market Infrastructure

India to Democratise Algo Trading Access

29/03/2018

New measures aimed at cheaper access to tick data and co-location, greater disclosure on algorithms and latency from exchanges, stiffer penalties for high order-to-trade ratios.

Capital / Liquidity

A Quarter of Loans at Bangladesh State Banks Non Performing

26/03/2018

Current and former regulators have voiced concern over the the accumulation of bad loans in the banking sector; value of bad loans has trebled in the past six years.