BIG PICTURE

Capital / Liquidity

Financial Stability Risks Remain Under Control – PBOC

By Editors | 05/11/2018

PBOC Financial Stability Report says new rules will be unveiled in the first half of 2019 aimed at boosting regulatory oversight over financial holding groups.

Big Picture

European Firms Will Have Access to UK Clearing in No-Deal Brexit

By Manesh Samtani | 01/11/2018

European traders will temporarily be able to use UK derivatives clearing services even without a Brexit deal in place, according to the European Commission’s Valdis Dombrovskis.

Big Picture

Asia Struggles to Meet 2020 EU Benchmarks Regulation Deadline

By Editors | 31/10/2018

A number of non-EU benchmark administrators may fail to obtain BMR registration by January 2020, according to a new report from ASIFMA and Herbert Smith Freehills.

Capital / Liquidity

More Progress Needed on Basel III Implementation – BCBS

By Manesh Samtani | 29/10/2018

Basel Committee report shows limited progress in adoption of NSFR, SA-CCR, securitisation framework, and bank capital requirements for equity in funds.

Fintech / Regtech

Fintech Must be Governed Under Existing Legal Frameworks – HKEX

By Manesh Samtani | 24/10/2018

Financial services offered in either a test or real environment should be governed by the same legal framework, says HKEX in a new report.

AML / KYC

Urgent Action Needed to Prevent Misuse of Virtual Assets – FATF

By Manesh Samtani | 23/10/2018

There is an urgent need for all jurisdictions to take coordinated action to prevent the use of virtual assets for crime and terrorism, the FATF said.

Capital / Liquidity

China’s Banks Have Strongest Credit Profile Among BRICS – Moody’s

By Editors | 23/10/2018

Chinese banks have the lowest ratio of problems loans among BRICS nations, whereas Indian banks suffer from weak asset quality and profitability.

Big Picture

ISDA Publishes Updated Template for Close-Out Netting Legislation

By Manesh Samtani | 17/10/2018

Jurisdictions are increasingly seeking guidance on implementing legislation to ensure the enforceability of close-out netting, the “single most important risk mitigation tool in derivatives markets”.

Capital / Liquidity

IFRS 9 Does Not Materially Affect APAC Banks’ Fundamentals – Moody’s

By Manesh Samtani | 16/10/2018

Moody’s says problem loan coverage has improved for many APAC banks, offsetting overall declines in CET1 ratios as a result of IFRS 9.