Capital / Liquidity

Further Delays at G-SIBs on Risk Data Compliance – BCBS

25/06/2018

Progress report shows only only three G-SIBs have achieved full compliance with Principles for effective risk data aggregation and reporting; complexity and interdependence of IT improvement projects cited as main challenges.

Capital / Liquidity

PBOC Cuts RRR to Stem Impact of US Trade Row

25/06/2018

Of the funds released with the cut, ¥500b should support debt-to-equity swap programme to lower corporate debt ratios, ¥200b to be used for SME lending.

Enforcement

Australian Court Ratifies CBA’s BBSW Settlement

25/06/2018

CBA will pay a $A5m penalty, A$15m to a financial consumer protection fund, and $A5m towards ASIC’s litigation and investigation costs; bank also agreed to enter into enforceable undertaking with ASIC.

Capital / Liquidity

S. Korea Banks Face Loan Rate Manipulation Probe

25/06/2018

FSS found thousands of irregularities in lending rate calculations including omission about income or collateral in credit evaluations, resulting in unfairly high lending rates.

AML / KYC

Japan FSA Orders Banks to Report on North Korea JVs

25/06/2018

All banks and credit unions ordered to provide the details on accounts used by 10 existing Japan-North Korea joint ventures, including details on individuals and entities, assets, employees and transaction records.

Crypto / Digital Assets

GDF Consults on Global Code of Conduct for Crypto Businesses

22/06/2018

The Code includes commitment to comply with standing laws and regulations, ensure appropriate systems and processes, and treat customers and their assets fairly.

Fintech / Regtech

Singapore Accelerates Shift to Digital Economy

21/06/2018

MAS board member Ong Ye Kung pledges to eliminate cheque usage by 2025, while also reducing the need for ATM cash withdrawals, through increased adoption of e-payments.

AML / KYC

ASIFMA Publishes Best Practices Guide for Crypto Exchanges 

21/06/2018

New report guides digital asset exchanges towards international nest practices for listing processes, market manipulation, pricing and liquidity, AML/KYC and cybersecurity, among other areas.

Enforcement

Thailand, Japan to Cooperate on Banking Supervision

20/06/2018

BOT and Japan FSA agreement sets out process they will follow to foster greater cooperation for information sharing, on-site visits, supervisory colleges and crisis management.