Emerging Prudential Risks

Key Risks to Financial System Have Been Contained: PBOC

08/11/2020

However, the PBOC believes the world economy is still in a period of deep adjustment, amid concerns that the risk of debt defaults has increased.

Structural Regulation

FMA Finalises Standard Conditions for Full Financial Advice Licence

08/11/2020

All financial advice providers will have to meet the standard conditions to obtain a full licence when the new advice regime takes effect on 15 March 2021.

Anti-Bribery & Corruption

Second Ex-Chairman of Hengfeng Bank Gets Death Sentence

08/11/2020

The former chairman will have his sentence commuted to life in prison if he commits no further crime over the next two years.

Payments & Settlements

WhatsApp Wins Approval to Launch Payments Service in India

08/11/2020

The approval comes two and a half years after WhatsApp launched in beta mode, but was then forced to comply with India’s data localisation requirements.

Trading & Investment

Industry Bodies Publish APAC Charter for Indication of Interest Issuers

08/11/2020

ASIFMA, Quorum 15, Asia TraderForum, the FIX Trading Community and their members have established a consistent approach for issuing Indications of Interest.

Structural Regulation

Japan FSA to Set Up Dedicated Office to Lure Foreign Fund Managers

08/11/2020

The new office will be able to start receiving applications in English in January 2021. Pre-application consultation is available in English with immediate effect.

Credit Risk

RBI Allows Banks, NBFCs Added Co-lending Flexibility

08/11/2020

The new Co-Lending Model permits banks to co-lend with all registered NBFCs, providing greater operational flexibility to lenders and lowering borrower costs.

Liquidity Risk

APRA Announces A$35b Reduction in Committed Liquidity Facility

06/11/2020

Five banks applied for a reduction, reducing the aggregate CLF allocated to banks from A$223bn at 1 January 2020 to A$188 billion.

Market Data & Technology

Bloomberg Launches New Index Tracking China Credit Bonds

05/11/2020

The LCC Index is the first global index to capture investment-grade corporate bonds in China, bolstering transparency and accessibility into the country’s credit markets.