Asia-Pacific

New prudential tool to help stem losses from excessive credit growth; framework to be issued for consultation in first half of the year.

The digital currency’s value will be based on the existing currency system, backed by “real assets” and will take into account the inflation rate.

State bank lowers CAR to 8 percent as analysts and bank executives start to worry about capital adequacy under Basel norms.

New market conduct rules to be implemented over next few weeks; Violators can be barred from operating or fined up to 1mn baht per day.

Central bank warning comes as prime minister asks for increased inspection and supervision over banks.

Firms in the region either embrace, endure or avoid MiFID II’s LEI requirement, but must accept that it’s not just regulations from the US which now have a profound extraterritorial impact.

BSP has begun reporting international banking statistics from January 2018, having met BIS standards for completeness and quality.

Trend towards more isolated policymaking will challenge the implementation of financial regulations on a worldwide basis.

Move will require all financial services firms operating in the country to provide customers identification and tax details to the regulator by 2022.

The SEC says fraud and money laundering not points of concern as CBOE and CME markets are properly supervised.