Banks will be required to calculate leverage ratios as of June 30 this year in response to consultation before full requirement comes into effect.
Deloitte says regulators in the region also need to take a more joined-up approach as financial institutions outsource to jurisdictions with looser regimes.
Asia / Pacific Group also removes Pakistan, Taiwan and Vietnam from list of closely monitored countries after improvements in AML/CTF regimes.
State Bank of Pakistan guidelines to promote a “compliance culture” in banks and encourage the adoption of a risk-focused approach to compliance.
Central bank governor made comments during the opening ceremony of the Asian Financial Cooperation Association.
With the 1st September deadline looming, three key points - besides the risk of regulatory breach - are gaining the financial industry’s attention in Asia.
Asia’s diverse information governance rules and sometimes insular institutions exacerbate MiFID 2 data challenge.
Exchanges in India and Indonesia suffer outages, citing ‘technical issues’; brokers connected to Bursa Malaysia report spate of cyberattacks on two separate days.