Capital / Liquidity

CBIRC Asks Banks to Relax Loan Classification Standards

13/02/2020

Local banks are asked to be more tolerant of bad loans and to reduce their profit targets, as the novel coronavirus epidemic keeps borrowers from resuming normal business operations.

Market Infrastructure

IMF, MAS Offer Guidance on Assessing Cyber Risk

12/02/2020

A new IMF-MAS paper presents data sources and methods that can be used to analyse and assess cyber risk, illustrated with applications to Singapore.

Capital / Liquidity

India to Introduce Netting Legislation, Margin Rules for Derivatives

11/02/2020

Prompted by a Budget proposal to introduce netting legislation “soon”, the RBI says it will likewise issue directions on the exchange of margin for non-centrally cleared derivatives.

ESG / Sustainability

FSAP Stress Tests to Prioritise Climate Risk Assessments: IMF

08/02/2020

The IMF is adding climate-related factors to its existing stress-testing methodology to help government and private-sector leaders prepare for potential financial shocks.

AML / KYC

RUSI-ACAMS Survey Reveals Proliferation Finance Implementation Gaps

08/02/2020

A global survey of sanctions professionals reveals a lack of industry awareness of proliferation finance risks, and a lack of focus on this area in compliance programmes.

HKMA Urges ‘Sympathetic Stance’ for Borrowers Affected by Coronavirus

07/02/2020

The HKMA is encouraging banks to adopt a sympathetic stance to customers facing coronavirus-related difficulties and to consider offering relief on debt repayment and fees.

Fintech / Regtech

HKEX Explores AI Use to Review Issuer Disclosures

03/02/2020

In the initial stage, HKEX has applied artificial intelligence to identify listed companies’ disclosures as required by some selected rules.

Securities / Derivatives

China Moves to Stabilise Market Amid Coronavirus Fears

03/02/2020

The CSRC has reportedly issued a verbal directive preventing brokers from selling borrowed shares, among other formal measures.

Capital / Liquidity

Further Volcker Rule Easing Proposed, Despite Dissenting Voices

01/02/2020

The proposed revisions seek to relax the Volcker Rule’s general prohibition on banks investing in hedge funds, private equity funds and credit funds.