All posts tagged "foreign banks"
-
44Australia & NZAFMA Calls for Removal of ‘LIBOR Cap’ Imposed on Foreign Banks
AFMA is concerned that the LIBOR Cap will be replaced with a capping mechanism to be determined solely by the ATO.
October 22, 2021 -
143EnforcementFSS Korea Warns KB Savings Bank Over Lax Lending Controls
KB Savings Bank increased its household lending by raising internal limits and discounting interest rates, without a strict review process and proper oversight.
September 9, 2021 -
246AML / KYCAUSTRAC Releases Banking Sector Risk Assessments
The big four represent the highest risk due to the scale of retail products and services they offer, particularly those that facilitate cash transactions and rapid funds transfers.
September 8, 2021 -
233Australia & NZAPRA Releases Final Prudential Standard on Capital Adequacy
CET1 capital may not have unusual features that could undermine its role as the highest quality loss-absorbing capital. The final APS 111 takes effect from 1 January 2022.
August 6, 2021 -
169EuropeEU Ramps Up Regulatory Scrutiny Over Foreign Bank Branches
New rules will require foreign banks operating in the EU to consolidate their operations under an "intermediate parent undertaking".
May 26, 2021 -
257Capital RegulationCBIRC Optimises Supervision of Foreign Banks in China
The move is expected to allow foreign banks to play a role in facilitating China's financial market opening-up and channelling funds into the economy.
May 7, 2021 -
442EnforcementForeign Banks Penalised in Taiwan for Facilitating FX Speculation
Deutsche Bank is permanently banned from trading TWD deliverable and non-deliverable forwards. ING, ANZ and Citi received lesser punishments.
February 9, 2021 -
514EnforcementTaiwan to Impose Tighter FX Rules to Curb Currency Speculation
The move follows a probe into dubious currency practices at eight major grain merchants in Asia, facilitated by six foreign banks.
February 5, 2021 -
425Asia-PacificMyanmar Banks Reopen Amid Military-led State of Emergency
Some foreign banks have launched emergency safety measures, ordering employees to stay at home or halting operations indefinitely.
February 3, 2021 -
315Asia-PacificCBSL Orders Banks to Delay Dividends, Halt Share Buybacks
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.
January 24, 2021
