Capital / Liquidity

PBOC Official Warns Lenders of Need to Protect Asset Quality

17/11/2020

Sun Tianqi, appointed as head of the PBOC’s Financial Stability Bureau in May, urged commercial lenders to increase loan loss provisions and dispose of more NPLs.

Market Infrastructure

US Agencies Urge Banks Forward on LIBOR Transition

15/11/2020

The Fed, OCC and FDIC have asked banks to move away from LIBOR ‘without delay’, accelerate customer outreach, and prepare their systems for the transition.

Enforcement

CSRC Pledges to Improve Listed Company Governance, Supervision

15/11/2020

A targeted campaign will be launched to improve supervisory oversight in the capital market and enhance corporate governance in listed companies.

Capital / Liquidity

RBNZ Defers Start Date for Higher Bank Capital to June 2022

11/11/2020

The RBNZ will also consult on re-instating LVR restrictions, maintain dividend restrictions for banks, and launch a new facility to provide cheap funding for banks.

AML / KYC

Philippine Authorities Probe Financial Transactions Linked to Wirecard

11/11/2020

The National Bureau of Investigation is examining the financial transactions of a law firm office that appears to have provided legal services to Wirecard and Jan Marsalek.

AML / KYC

US Sanctions Four More Officials Over Hong Kong National Security Law

10/11/2020

China’s Foreign Ministry says the move is a violation of the basic norms governing international relations, urging the US to withdraw the sanctions.

New Zealand FSC Publishes Disclosure Guide for Financial Advice Regime

10/11/2020

The ‘Disclosure Guide’ will help advisors comply with the changes to disclosure requirements under the new financial advice regime which comes into force on 15 March 2021.

Securities / Derivatives

TFEX to Launch New Silver, Rubber Futures Contracts

07/11/2020

A new cash-settled silver futures contract will launch on Monday. A Japanese rubber futures contract will launch by year-end.

Enforcement

SC Malaysia Wins MYR 3.1m in Insider Trading Case

05/11/2020

The former senior partner of a law firm acquired shares in Worldwide Holdings in the months leading up to an announcement that the firm would be privatised.