Capital Adequacy

RBI Publishes List of Indian D-SIBs for 2022  

05/01/2022

SBI, ICICI Bank and HDFC Bank continue to be identified as D-SIBs, under the same bucketing structure as in the 2020 list.

CBDCs

China Releases CBDC Wallet on Mobile App Stores

05/01/2022

The app is available in 12 cities and regions as well as the host cities for the Winter Olympics. Until now the app has only been available for download via private links.

Structural Regulation

CBIRC Grants Approval for HSBC to Fully Own China Insurance Unit

05/01/2022

HSBC reached an agreement with its joint venture partner to a remaining 50% equity interest in HSBC Life China in May 2020.

Anti-Money Laundering

BSP Directs Banks to Help Curb Vote-Buying Ahead of National Election

05/01/2022

Banks should “at a minimum” consider four scenarios when calibrating their fraud management systems and account and transaction monitoring rules/parameters.

Supervision & Enforcement

Singapore Police, MAS Launch Probe into Unlicensed Trading Platform

05/01/2022

Three arrests have been made amid suspicions that “irregular trading activities have been carried out on the platform”.

Credit Risk

Thailand Unveils New Measures to Support Debt Restructuring

05/01/2022

The BOT has relaxed its rules on loan classification and provisioning to enable specialised financial institutions to provide greater long-term support to debtors.

KYC & CDD

PBOC, SAFE Call on Banks to Facilitate Offshore Trade

05/01/2022

A new notice encouraging banks to support the development of new models of international trade comes just as RCEP took effect on 1 January 2022.

Market Abuse

BaFin Fines Deutsche Bank for Over EURIBOR Control Lapses

04/01/2022

BaFin found flaws in the processes used by Deutsche Bank to calculate EURIBOR between April 2019 and April 2020.

Structural Regulation

SEBI Issues Rules for Vault Managers of Gold Exchanges

04/01/2022

The rules pave the way for new gold exchanges to be established in India, which will enhance the transparency of domestic spot price discovery.