Capital / Liquidity

Vietnam Banks Face Capital Raising ‘Headache’ in 2019

15/01/2019

Listed commercial banks in Vietnam will need to raise an estimated $10bn in capital this year to meet Basel II capital requirements by 1 January 2020.

Fintech / Regtech

China’s Rules for Blockchain to Take Effect in February

15/01/2019

Companies will be required to verify user data based on national IDs and phone numbers, effectively removing the anonymity of blockchainin the country.

Crypto / Digital Assets

Two Thirds of Korean Crypto Exchanges Vulnerable to Hacking

14/01/2019

Only 7 of 21 crypto exchanges in South Korea passed the government’s security audit; the rest are “vulnerable to hacking attacks at all times.”

Big Picture

APAC Capital Markets Set for Rapid Growth in Coming Decade

14/01/2019

New report from GFMA and New Financial offers policy recommendations to support the growth of deeper and more effective capital markets.

Market Infrastructure

China’s Securities Firms Under Pressure to Consolidate

01/01/2019

M&A activity between domestic brokerages is set to increase, says S&P Global. Consolidation may help local players better compete against foreign entrants.

Capital / Liquidity

China Promotes Perpetual Bonds to Replenish Bank Capital

31/12/2018

The FSDC has given the green light to allow commercial banks to replenish their capital through issuing perpetual bonds. Bank of China likely to be the first to do so.

Market Infrastructure

UPDATED – China’s Asset Management Sector Set for Shake-Up

28/12/2018

Up to 22 banks have announced plans to set up new wealth management subsidiaries which could end up taking market share from asset management firms.

Market Infrastructure

European Commission Unveils No-Deal Brexit Contingency Plan

21/12/2018

The 14-point plan includes conditional equivalence for UK CCPs and CSDs as well as delegated regulations to facilitate the novation of OTC derivatives contracts.

Capital / Liquidity

APRA Asked to Reconsider Tough Stance on Capital Requirements

19/12/2018

Australian banks are reportedly lobbying for APRA to loosen its tough stance on the capital requirements it proposed last month, as funding costs rise more than expected.