Liquidity Risk

BCBS Finds Japan NSFR Compliant, Largely LEX Compliant

03/10/2022

Japan’s final NSFR rules took effect from 30 September 2021. The rules to implement the LEX framework came into force on 1 April 2020.

Payments & Settlements

NPCI, TerraPay Partner on Cross-Border Payments

03/10/2022

The partnership will allow Indian customers and merchants in India with an active UPI ID to make and accept cross-border payments globally.

Market Abuse

Hong Kong Charges 13 in Suspects Over Ramp-and-Dump Scheme

03/10/2022

The suspects allegedly used different social media platforms to manipulate the trading in the shares of two Hong Kong-listed companies.

Credit Risk

South Korea Extends Loan Forbearance Programme for Businesses

03/10/2022

The extension takes effect from 4 October, the same day applications for the New Start Fund open for small merchants and the self-employed.

Conduct, Culture & Accountability

Australian Court Dismisses ASIC Lawsuit Against CBA

03/10/2022

The Federal Court ruled that ASIC failed to establish that CBA received conflicted remuneration when distributing Colonial First State’s superannuation product.

Anti-Money Laundering

FINRA Issues New Penalties Guidance for Rule Violations

03/10/2022

Large firms face penalties with no upper limit if they fail to reasonably monitor for and report suspicious transactions.

Trading & Investment

Hong Kong to Launch Dual Counter Trading in H1 2023

03/10/2022

A market-maker system will be established to facilitate yuan-denominated stock trading. Stamp duty will be waived for market makers providing liquidity for yuan shares.

Trading & Investment

India Allows FPIs to Trade Commodity Derivatives Market

03/10/2022

Since 2018, FPIs been allowed to trade exchange-traded commodity derivatives but only to hedge actual underlying exposures to physical commodities.

Capital Adequacy

Large Global Banks See Highest Capital Ratios Since 2012: BCBS

03/10/2022

A special feature in the latest Basel III monitoring report reveals that crypto exposures are small, around 0.14% of total exposures on a weighted average basis.