Capital / Liquidity

India Financial System Stable Despite Worsening Asset Quality – RBI

26/12/2017

Gross NPAs and asset quality likely to worsen until September 2018 even as capital flows into equity and debt markets remain elevated.

AML / KYC

Commonwealth Bank Responds to AUSTRAC Allegations

14/12/2017

Bank admits late filing of reports on more than 50,000 deposits into its ATMs, AUSTRAC seeking penalties for individual AML/CTF law breaches.

AML / KYC

US Lifts Threat of Criminal Charges against HSBC

14/12/2017

Bank released from deferred prosecution agreement after meeting its terms; outgoing CEO says AML to remain ‘a top priority’ in 2018.

AML / KYC

EU Blacklists S.Korea, Macau Tax Regimes; HK on ‘Greylist’

07/12/2017

HK on ‘greylist’; Macau, S.Korea, on blacklist with the latter said to operate a ‘harmful preferential tax regime’ for the wealthy, companies.

Crypto / Digital Assets

FIA Critiques EU Proposals to Directly Supervise Asia CCPs

07/12/2017

Chief executive says some systemically important CCPs could be forced to move to Europe, fragmenting liquidity and raising costs.

Market Infrastructure

Singapore Releases SIBOR Benchmark Reform Proposals

07/12/2017

Consultation is based on IOSCO principles, FSB recommendations, comes four years after 20 banks disciplined for benchmark manipulation.

Big Picture

Private Sector Leverage Remains Key Risk for Asian Banks – Moody’s

30/11/2017

Report suggests private sector debt has risen in 12 of 14 Asian countries; FSB addressing risks from housing market, rising household debt in Asia.

Capital / Liquidity

BoJ Urges Asian Local Currency Debt Market Development

30/11/2017

Haruhiko Kuroda says firms in Asia need to diversify their sources of funding to protect against market shocks as ASEAN initiatives increase.

HKMA Chief Urges Hong Kong Companies to Improve Corporate Governance

23/11/2017

Hong Kong financial companies need further improvements to guard against risky behaviour.