Enforcement

ASIC to Begin Embedding Staff within Banks Starting with CBA

26/10/2018

ASIC officials will begin working at CBA starting from next week and will go in and out of other institutions, focusing on institutional behaviour and decision making.

Capital / Liquidity

Malaysia Pushes NSFR Implementation to 2020

26/10/2018

Bank Negara Malaysia intends to conduct further on-site assessments to ensure robustness in liquidity and funding at banks.

Crypto / Digital Assets

Japan Allows Self-Regulation Among Cryptocurrency Exchanges

25/10/2018

The Japan Virtual Currency Exchange Association has been given a “certified fund settlement business association” accreditation, allowing it to make rules and police domestic exchanges.

Market Infrastructure

Market Needs to Do More to Prepare for End of LIBOR – ASIC, RBA

24/10/2018

Participants need to be clear that the LIBOR will end after 2021 and prepare to deal with the challenges this presents, Australian regulators said at the ISDA Annual Australia Conference.

Capital / Liquidity

Hong Kong TLAC Rules Set to Take Effect in December

23/10/2018

FSB-aligned total loss-absorbing capacity rules will be presented to the LegCo on 24 October and will go into effect on 14 December.

Capital / Liquidity

Korea Introduces Debt Service Ratio Rules to Reign in Household Lending

23/10/2018

The FSC has set limits on banks providing mortgage loans based on debt service ratios in new rules that will come into effect from 31 October.

Capital / Liquidity

Hong Kong SFC to Update Financial Resources Rules

22/10/2018

The updates to the FRR include changes on the treatment of foreign currencies, haircuts for some securities and refinements on securities transaction receivables.

Capital / Liquidity

RBI Eases Liquidity Norms to Support Non Bank Financing Sector

22/10/2018

The RBI has increased the carve out for government securities used in LCR computations against statutory liquidity ratios, and increased the lending ceiling to a single NBFC.

Market Infrastructure

HSBC Mulls Shanghai Listing through Stock Connect

19/10/2018

HSBC could become the first foreign firm to list on the Shanghai Stock Exchange through a new Stock Connect link with London, slated to go live at the end of the year.