BIG PICTURE

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.

Big Picture

E-wallet Operator Oversight to Benefit Singapore Financial Stability: Moody’s

By Manesh Samtani | 16/10/2018

Coming into force next year, the Payment Services Bill will require e-wallet operators to ring-fence wallet funds from lending activities, a move Moody’s says will benefit banks.

Fintech / Regtech

Fragmented Data Privacy Rules Impede Fintech Growth in Asia

By Manesh Samtani | 11/10/2018

New ASIFMA whitepaper advocates regional harmonisation of data privacy rules to facilitate continued growth of fintech ecosystems in Asia.

Market Infrastructure

ISDA, EU Industry Bodies Warn of ‘Cliff Edge’ Effects ‘No Deal’ Brexit

By Manesh Samtani | 10/10/2018

New paper proposes steps that can be taken now to mitigate potentially systemic consequences of the UK leaving the EU without a withdrawal agreement and transition period in place.