Conduct, Culture & Accountability

PBOC to Unify Financial Consumer Protection Under Single Agency

07/03/2019

Under the current mechanism, financial consumer rights protection is handling by various regulatory bodies, which lack coordination and where standards are not uniform.

Credit Risk

Bangladesh to Make Sweeping Banking Sector Reforms

07/03/2019

Bangladesh Bank is spearheading a wide-ranging policy review to tackle soaring NPLs and willful defaulters in the nation’s banking sector.

Structural Regulation

BSP Eyes Oversight Extension to Cover Banking Conglomerates

07/03/2019

The BSP gained sweeping new powers last month, but it did not gain the oversight authority over conglomerates that own or control Philippine banks.

Credit Risk

S. Korea Issues New Guidance on Large Exposures

07/03/2019

Moody’s says the requirements are more conservative than existing limits on counterparty risk and will further reduce banks’ maximum losses if a counterparty suddenly fails.

Market Abuse

S. Korea Mulls Granting Investigative Powers to FSS

06/03/2019

Under the new approach, the FSS will be able to launch investigations without having to first report to the FSC and request warrants to search and seize evidence.

Structural Regulation

HKMA Asks Hong Kong Banks to Prepare for Benchmark Reform

06/03/2019

The HKMA says the transition to alternative reference rates will have significant implications for authorised institutions’ businesses, risk management and operational processes.

Clearing & Post-Trade

SWIFT, SGX, SLIB Join Forces to Test Blockchain Based e-Voting

06/03/2019

SWIFT, SGX, and software firm SLIB will collaborate with DBS, Deutsche Bank, HSBC and Standard Chartered to test the use of DLT in e-voting in Asia Pacific.

Fraud, Scams & Cybercrime

UPDATED – RBI Fines Multiple Banks for SWIFT Integration Non-Compliance

05/03/2019

The penalties follow directions issued by the RBI in February 2018 requiring banks to link their core banking systems with the SWIFT network.

Structural Regulation

China Tightens Requirements on Owners of Futures Companies

05/03/2019

Major shareholders of companies that trade in futures contracts will have higher net asset and profitability requirements under new draft rules from the CSRC.