Supervision & Enforcement

APRA Finalises Rules for How Super Funds Must Assess Performance

29/08/2019

Starting in January, superannuation licensees will be required to perform business performance reviews to assess whether they are delivering sound, value-for-money outcomes for members.

Supervision & Enforcement

ASIC Focuses on Misconduct in Four-Year Corporate Plan

29/08/2019

ASIC will expand its use of behavioural sciences, data and technology and position itself as a more strategic and agile regulator.

Trading & Investment

China to Allow Foreign Banks to Underwrite Interbank Market Bonds

29/08/2019

Foreign banks are currently limited to underwriting business involving offshore non-financial issuers. ‘Class A’ licences will allow them to underwrite bonds in the interbank market.

Capital Adequacy

Japan FSA Plans New Measures to Ensure Regional Bank Sustainability

29/08/2019

To encourage consolidation among struggling regional lenders, the FSA may lower deposit insurance fees paid by banks that are more financially robust.

Trading & Investment

China Launches New FX Options Trading Pairs in Interbank Market

28/08/2019

Before Monday, the CFETS only provided FX options trading where one side of the pair was the CNY. New contracts include EUR/USD, USD/JPY, GBP/USD, AUD/USD and USD/HKD.

Capital Adequacy

RBI to Transfer $24bn to Govt on Committee Recommendation

28/08/2019

The transfer will comprise of a $17.2bn income surplus and $7.4bn in excess provisions resulting from a newly revised economic capital framework for the RBI.

Structural Regulation

China to Accelerate Capital Market Reforms – Report

28/08/2019

The CSRC said it has adapted its plan to accelerate the opening-up of the capital market from international best practices.

Supervision & Enforcement

Philippine Police Arrest Former Govt Official for Banking Law Violations

28/08/2019

Former foreign affairs secretary Perfecto Yasay Jr is reportedly accused of conspiring to obtain a $6.7mn loan for a company without reporting the loan to the central bank.

Credit Risk

PBOC Sets Mortgage Rate Floor to Curb Risk

28/08/2019

The rate on mortgages for first-time home buyers must be at least the loan prime rate; for second-time home buyers it must be at least LPR plus 60bp.