Structural Regulation

China May Grant Securities Licences to Major Banks – Report

29/06/2020

At least two major banks are expected to be allowed to conduct investment banking business intially, rather than the full range of securities services.

Credit Risk

Korean Banks Opt to Adopt Basel III Credit Risk Framework Early

29/06/2020

Fifteen banks and eight bank holding companies opted to adopt the Basel III credit risk framework early as it will boost their capital adequacy ratios.

Trading & Investment

HKEX Shortens Structured Product Listing Cycle to Three Days

29/06/2020

From 13 July, issuers can list derivative warrants, CBBCs and inline warrants for trading on the third trading day after the submission of their term sheets.

Trading & Investment

China Sets Stage for GBA Wealth Management Connect Scheme

29/06/2020

Under a pilot scheme, Greater Bay Area residents will be able to invest in wealth management products distributed by GBA banks across boundaries.

Trading & Investment

Singapore Banks Ready to Trade SORA Derivatives

29/06/2020

The ABS and SC-STS say “significant progress” has been made in key technical work to support Singapore’s transition from SOR to SORA.

Resolution & Recovery

FSB Evaluates Efficacy of Too-big-to-fail Reforms

29/06/2020

The evaluation found that the TBTF reforms have made indeed banks more resilient and resolvable, but barriers to bank resolvability still need to be addressed.

Capital Adequacy

US Banks See Continued Dividend, Buyback Restrictions

29/06/2020

The Fed’s stress tests found that roughly a quarter of the US big banks would approach the 4.5% minimum CET1 capital requirement in a worst-case scenario, a W-shaped recovery.

Structural Regulation

India Brings Cooperative Banks Under RBI Oversight

29/06/2020

Under the Banking Regulation Act amendments, cooperative banks can also undertake merger and restructuring activities more easily and access to fundraising channels.

Trading & Investment

SEBI Allows Exchanges to Penalise Excessive Algo Orders

29/06/2020

On the third instance of the order-to-trade ratio exceeding 2000, trading members will be restricted from placing any orders for the first 15 minutes on the next trading day.