Capital / Liquidity

Singapore Banks Well Positioned for Final Basel III Rules

02/06/2019

Moody’s says Singapore performs better than other banking systems in a high stress scenario. The new report also looks at banks’ digitisation push.

Market Infrastructure

Singapore, Malaysia, Vietnam on US Watchlist for Currency Practices

31/05/2019

The US Treasury’s monitoring list now names nine countries that could potentially be labeled currency manipulators, including China, Japan and Korea.

Market Infrastructure

ISDA Chief Says the End is in Sight for IBOR Fallbacks

30/05/2019

ISDA chief Scott O’Malia says one year from now, robust fallbacks should be in place for derivatives contracts referencing LIBOR and other IBORs.

Market Infrastructure

Asia Pacific Firms Lagging in LEI Adoption – FSB

30/05/2019

Although widespread coverage has been achieved in OTC derivatives and securities markets, LEI adoption remains uneven across jurisdictions, with Asia Pacific lagging.

Market Infrastructure

FSB Works to Develop Cyber Incident Best Practice Toolkit for FIs

29/05/2019

In a progress update to the G20, the FSB said it is working to identify and develop effective practices for financial institutions to respond to and recover from cyber incidents.

Securities / Derivatives

SFC Investigation Disclosure Obligation Presents Challenge to Industry

24/05/2019

The SFC has clarified aspects of the new disclosure obligation, but concerns remain over logistical and administrative burdens, say ASIFMA and Herbert Smith Freehills.

Crypto / Digital Assets

ISDA CDM Deployed in UK Digital Regulatory Reporting Pilot

23/05/2019

The UK initiative  is exploring the use of technology to help firms meet their regulatory reporting requirements and improve the quality of information reported.

Market Infrastructure

Hong Kong-China Arbitration Arrangement a Boon for Lenders

22/05/2019

The new arrangement enabling Hong Kong-seated arbitrations to seek interim measures from mainland courts represents a step forward for China’s offshore financiers.

Enforcement

Hong Kong ICAC Files Charges Against Former Convoy Director

18/05/2019

Charges were laid against Cho Kwai Chee, a former director of Convoy Global Holdings, one of the companies said to be at the centre of the so-called ‘enigma network’.