Emerging Prudential Risks

HKMA Vows to Preserve Stability Amid Covid-19 Threat

13/02/2020

HKMA chief Eddie Yue indicated a willingness to be flexible towards banks facing difficulties in meeting regulatory requirements.

Structural Regulation

India Doubles Pension Fund Manager Net Worth Requirement

13/02/2020

The increase brings the requirements for pension fund managers in line with those for managers of mutual funds regulated by SEBI.

Market Abuse

BSP Bars Bank Affiliates from Holding Bank-Issued Debt

12/02/2020

The prohibition is aimed at preventing related parties from obtaining undue advantage when transacting in debt instruments issued by affiliated banks.

Trading & Investment

SGX RegCo Enhances Market Surveillance with Artificial Intelligence

12/02/2020

The introduction of AI will help isolate unusual activity by learning from historical trading patterns and filtering out noise.

Payments & Settlements

RBI Proposes Authorisation of New Retail Payment Systems

12/02/2020

The draft framework is said to be aimed at addressing concerns that the NPCI has become ‘too big to fail’ and presents increased concentration risk.

Trading & Investment

Bangladesh to Float Shares of State Banks to Prop Up Market

12/02/2020

Sonali Bank, Agrani Bank, Janata Bank, Rupali Bank and Bangladesh Development Bank will each have 25% of their shares listed on the stock market by end-October.

Fraud, Scams & Cybercrime

US Charges 4 Chinese Military Officers for Equifax Hack

12/02/2020

The four Chinese nationals are charged for breaking into Equifax’s computer systems to steal US citizens’ personal data and sensitive trade secrets.

Trading & Investment

Indian Banks Association Pushes for LIBOR Transition Readiness

12/02/2020

The IBA has written to companies asking them to assess the impacts that the LIBOR phase-out will have on their businesses, and to prepare accordingly.

Structural Regulation

HK Accountants Body Calls for Blanket Extension to Results Deadline

12/02/2020

The SFC-HKEX decision to allow the publication of unaudited results on a case-by-case basis has “not yet fully addressed the concerns of the accounting industry”.