Capital / Liquidity

China Proposes Establishment of Independent Deposit Insurance Agency

19/03/2019

The proposed agency – the first of its kind in China – could help failed banks to exit the market, limit depositor losses, and prevent contagion effects when serious credit risk events arise.

Enforcement

Australia Consults on Making Industry Codes Legally Enforceable

19/03/2019

The Treasury is proposing legislative amendments to make industry codes of conduct legally enforceable, where contraventions will constitute a breach of the law.

Enforcement

SFC Fines BOCI Securities for ‘Systemic Deficiencies’ in Selling Practices

19/03/2019

BOCI Securities failed to comply with requirements relating to client profiling, product due diligence, and suitability assessment in its sale and distribution of investment products.

Capital / Liquidity

RBI Releases Latest List of Indian D-SIBs

18/03/2019

SBI, ICICI Bank and HDFC Bank will remain India’s D-SIBs this year. The additional CET1 capital they need to hold will rise in April.

Capital / Liquidity

China Banks Allowed Higher Bad Debt Ratios for ‘Inclusive’ Loans

18/03/2019

Regulators will tolerate higher NPL ratios on bank lending to small and micro companies, in a bid to improve access to financing for China’s ‘real economy’.

Enforcement

RBI Issues Finalised Guidelines on Market Abuse

18/03/2019

The new rules against market abuse cover market and benchmark manipulation and the misuse of information in markets regulated by the RBI.

Market Infrastructure

Tokyo Bourse to Cut a Third of Companies from First Section

18/03/2019

The Tokyo Stock Exchange plans to raise the minimum market cap for companies to maintain a listing on its First Section and require English language quarterly earnings disclosures.

AML / KYC

BCBS Sets Out Minimum Expectations for Banks Exposed to Crypto

18/03/2019

The minimum prudential expectations for banks exposed to crypto-assets relate to due diligence, governance and risk management, public disclosure and supervisory dialogue.

Market Infrastructure

Philippines’ RCBC Sues Bangladesh Bank for Defamation

15/03/2019

In the latest twist in the Bangladesh Bank cyber heist saga, Philippine lender Rizal Commercial Banking Corp has filed a defamation suit against Bangladesh’s central bank.