Capital / Liquidity

FRTB Capital Requirements Set for Further Delays – Report

12/12/2018

European legislators have reportedly agreed to initially introduce only the reporting requirements under FRTB and delay the capital requirements.

Enforcement

RBI Fines Indian Bank for Violating Cybersecurity Norms

12/12/2018

The Reserve Bank of India has fined Indian Bank 10 million rupees for deficiencies in regulatory compliance with cybersecurity norms.

Capital / Liquidity

Basel Committee Finalises Pillar 3 Disclosure Requirements

12/12/2018

The updated framework accounts for finalised post-crisis reforms under Basel III and includes new disclosure requirements for asset encumbrance and capital distribution constraints.

Capital / Liquidity

Australia’s Banking Oligopoly Lacks Mortgage Price Transparency – ACCC

11/12/2018

An inquiry by Australia’s competition watchdog found that opaque discretionary mortgage pricing at major banks is stifling competition and disincentivising borrowers from seeking better offers.

Capital / Liquidity

PBOC Consults Internally on Draft Rules for Financial Conglomerates – Report

11/12/2018

New rules for financial holding companies could include requirements on capital adequacy, caps on non-financial assets, and segregation of business units.

Market Infrastructure

SEBI Issues Cybersecurity Framework for Market Infrastructures

11/12/2018

Stock exchanges, clearing corporations and depositories have six months to put in place appropriate systems and processes for implementation of the new guidelines.

Securities / Derivatives

Bursa Malaysia Enhances ETF Framework, Effective in January

10/12/2018

“The introduction of innovative ETF products is a welcome development for our ETF market, and should lead to a more vibrant ETF ecosystem,” said Bursa Malaysia chief Tajuddin.

Enforcement

IT Consultant of Singapore Investment Bank Charged with Insider Trading

10/12/2018

The US SEC has filed charges against an outsourced IT contractor for trading on inside information while working at the Singapore branch of an investment bank.

Market Infrastructure

China to Include Dual Class Shares in Southbound Stock Connect Trading

10/12/2018

Chinese stock exchanges will work with HKEX to formulate rules enabling mainland investors’ access to Hong Kong-listed dual class shares by mid-2019, after banning them in July.