Fraud, Scams & Cybercrime

Chinese Bank Exec in Alleged $436mn Fraud

19/04/2017

Fraud involved fake bank acceptance bills and ‘recycled’ wealth management products.

Cybersecurity

Indian Central Bank to Set up Cyber-Emergency Team

19/04/2017

Recent ‘ethical hack’ found cybersecurity weaknesses at two public sector banks.

KYC & CDD

Philippines to Introduce ‘Basic’ Banking

18/04/2017

Accounts will have easier KYC and low balance requirements in bid to boost financial inclusion.

Credit Risk

Korean Banks Told to Revise Credit Risk Models

17/04/2017

Private equity funds will be allowed to take over bad debts, restructure mid-sized firms.

Trading & Investment

India Allows Equity Derivatives at IFSCs

17/04/2017

Position limit set at 10% of free float; 50% of domestic market MWPL by value.

Credit Risk

HKMA Planning Problem Assets Consultation

17/04/2017

Regulator to consider BCBS guidelines, introduce ‘relevant policy proposals’.

Cryptocurrency

India Eyes Virtual Currency Regulation

13/04/2017

Committee launched 2 months after central bank reminder that all VC platforms are unlicensed.

Clearing & Post-Trade

OTC Derivatives: Get Ready for Fine-tuning

12/04/2017

Panellists at OTC Derivatives Summit Asia eye the next phase of regulation.

Structural Regulation

FSB Kicks Off ‘Unintended Consequences’ Consultation

12/04/2017

Board says consultation will result in fine tuning rather than a rollback of post-crisis reform.