Supervision & Enforcement

Philippine Central Bank Strengthens Compliance Standards

28/08/2017

Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.

Anti-Money Laundering

Lawyers Seek to Sue Bank for Share Price Drop after AML Revelations

24/08/2017

Firms claim share price would not have suffered as precipitous a decline if claims of money laundering had been revealed earlier.

Fraud, Scams & Cybercrime

Japan FSA to Set up Anti Cybercrime, Money Laundering Bureau

23/08/2017

Internal reorganisation acknowledges growing role of fintech, which will be regulated by FSA Planning and Coordination Bureau with enhanced powers.

Clearing & Post-Trade

ISDA Urges EU Not to Force Local Clearing Post Brexit

23/08/2017

Trade organisation says move to local CCPs could push up initial margin costs by 20% or more; cites Australian equivalency model.

Anti-Money Laundering

Indian Brokers’ AML Compliance Under Heightened Scrutiny

20/08/2017

SEBI warned nearly 500 entities on possible money laundering over the last financial year; conducted 245 investigations into illegal stock market activity.

Capital Adequacy

Malaysia Launches Leverage Ratio Consultation

17/08/2017

Banks will be required to calculate leverage ratios as of June 30 this year in response to consultation before full requirement comes into effect.

Structural Regulation

HK Auditing Brokers’ Protection of Client Assets

31/07/2017

Regulator cites weaknesses in internal account protection controls despite warnings; IOSCO report says HK due diligence to safeguard client rights […]

Anti-Money Laundering

Korea Regulator Flags Weaknesses in Foreign Banks’ AML

31/07/2017

FSS reveals details of AML audits covering banks and other financial services providers, says to impose strict sanctions against regulatory […]

Credit Risk

Moody’s Gives China Banks a Boost, HK Lenders Not So Lucky

31/07/2017

Rating agency says banks in China enjoy a stable operating environment despite still-deteriorating asset quality as government policy efforts take […]