Structural Regulation

China Issues Consultation on Foreign Control of Securities Firms

12/03/2018

Foreign financial institutions would be able to own 51% of a mainland securities firm, with all ownership restrictions to be removed in three years’ time.

Capital Adequacy

US Fed Eyes Eased Regulation for Foreign Banks

09/03/2018

Vice chairman says to allow more foreign banks to set up more than one holding company, which each regulated separately according to different risk profiles.

Capital Adequacy

China, US Bank Profits Boost CET1 Capital

09/03/2018

BIS report on Basel III implementation includes data from 39 Group 1 banks in Asia Pacific; 1H2017 saw largest ever profits of $262 billion.

Credit Risk

S.Korea Regulators Probe Bank’s Lending Practices

28/02/2018

Regulators want to ensure banks are determining interest rates properly as household debt stubbornly refuses to decline.

Capital Adequacy

BCBS Issues Basel III Disclosures Consultation

28/02/2018

Requirement that banks disclose capital ratio which would trigger restrictions on capital distribution will be at the discretion of individual regulators.

Resolution & Recovery

FSB Issues Singapore Peer Review

27/02/2018

Board suggests MAS need to state who is responsible for macro-prudential oversight; wants resolution regime extended to market infrastructure.

Conduct, Culture & Accountability

Malaysia Eyes Senior Managers Regime

25/02/2018

BNM proposals resemble Hong Kong’s MiC regime in setting out key responsibilities and requiring appointment and naming of responsible individuals.

Supervision & Enforcement

HK SFC Sees Surge in Criminal Prosecutions

25/02/2018

Criminal charges laid by securities regulator nearly tripled in last nine months of 2018, although investigations started and concluded declined.

Conduct, Culture & Accountability

CBRC Targets Banker Misconduct

15/02/2018

CBRC proposals would require banks to set up conduct management departments, submit conduct codes to regulator, establish whistle blower mechanism.