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Conduct, Culture & Accountability
Sri Lanka Issues Good Practices Guidelines for Stockbrokers
By Duruthu E Chandrasekera | 26/01/2021
The guidelines are mandatory and require immediate implementation. Three months’ grace is given for a new cap on investment advisor commissions.
Operational Risk
2021 Outlook for BCBS 239 Compliance in Southeast Asia
By Irene Liu | 26/01/2021
PwC’s South East Asia Consulting team discusses progress made to comply with BCBS 239 in Southeast Asian jurisdictions, providing an outlook and recommendations for the year ahead.
Emerging Prudential Risks
RBI Proposes New Regulatory Approach to Contain NBFC Risks
By Editors | 25/01/2021
About 25 to 30 NBFCs considered systemically significant will have to maintain a 9% CET1 ratio and be subject to a range of other bank-like regulatory requirements.
Structural Regulation
New York State Budget to Include Provisions to Ease LIBOR Switch
By Editors | 24/01/2021
The state budget plan would reportedly allow legacy LIBOR contracts to use the replacement rate recommended by the Fed Board, the New York Fed, or the ARRC.
Capital Adequacy
CBSL Orders Banks to Delay Dividends, Halt Share Buybacks
By Editors | 24/01/2021
Foreign banks are also instructed to defer repatriation of profits not already declared for 2019 and 2020 until their financial statements for 2020 are finalised and audited.
Trading & Investment
NAFMII Punishes Bond Underwriters Over SOE Default
By Editors | 21/01/2021
The three banks failed to conduct proper due diligence and verify cash that appeared to be abnormally restricted when underwriting Yongcheng Coal’s bonds.
Credit Risk
RBA Report Contradicts Official Stance on Responsible Lending Laws
By Editors | 21/01/2021
An RBA internal report indicates that the absence of responsible lending laws could put borrowers at greater risk, particularly in a low interest rate environment.
Liquidity Risk
BNM Extends Flexibility to Use Govt Securities to Meet SRR
By Editors | 21/01/2021
Since March 2020, the lower SRR ratio and flexibility to recognise MGS and MGII as part of SRR compliance have released MYR 46 billion in banking system liquidity.
Liquidity Risk
Korea to Require Brokers, Insurers to Enhance FX Risk Management
By Editors | 21/01/2021
Non-banking financial institutions will have to report details about their FX exposures monthly to ensure their FX liquidity remains adequate.
Operational Risk
APRA Issues Second Consultation on Insurance in Superannuation
By Editors | 21/01/2021
Submissions in the previous consultation sought further clarification on the proposed changes, which are aimed at improving member outcomes.
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