Credit Risk

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.

Anti-Money Laundering

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.

Anti-Money Laundering

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.

Anti-Money Laundering

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.

Clearing & Post-Trade

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.

Structural Regulation

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.

Credit Risk

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.

Trading & Investment

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.

Conduct, Culture & Accountability

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.