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Fintech / Regtech
UPDATED – APRA Grants First ‘Restricted ADI’ License Under New Framework
By JP Reimann | 07/05/2018
Newly released restricted ADI licencing framework allows entities to conduct a limited range of activities for two years before fully meeting regulatory requirements.
Market Infrastructure
China Set to Revive RQDII with New Safeguards
By Garima Chitkara | 07/05/2018
Central bank forbids RQDII investors from exchanging the yuan for foreign currencies in offshore CNY investments.
Capital / Liquidity
Philippines to Implement New Credit Card Law
By Garima Chitkara | 07/05/2018
New law aims to increase competition by allowing non-bank entities to enter credit card business; includes greater safeguards for borrowers related to calculation of charges, unfair collection practices, and the use of customer data.
Capital / Liquidity
CBA Ordered to Boost Capital Until Governance Improves
By Editors | 02/05/2018
Prudential inquiry reveals widespread complacency, inadequate risk management, unclear executive level accountabilities, among other failings at the bank.
Securities / Derivatives
PBOC Announces Stricter Asset Management Rules
By Editors | 02/05/2018
New rules include leverage limits, a ban on implicit guarantees, risk reserve provisioning amounting to 10% of management fees; transition period for full compliance to last until end-2020.
Big Picture
Moody’s Places HK Banks on Review for Upgrade
By Editors | 01/05/2018
Hong Kong legislation enables authorities to achieve orderly resolution in the event of a bank failure and provides clarity on the effect on depositors and other creditors.
Capital / Liquidity
APRA to Remove Lending Growth Cap for Some Banks
By Garima Chitkara | 30/04/2018
APRA is proposing to do away with a 2014 measure that set an annual 10% cap for home lending growth for banks that can demonstrate better lending practices and low lending rates.
Capital / Liquidity
Taiwan to Debut Internet Only Banks by End-2019
By JP Reimann | 30/04/2018
Internet only banks must be at least 50 percent owned by a traditional lender, and subject to the same capital requirements.
Capital / Liquidity
Bank of Thailand Expands Debt Clinic Scheme for Troubled Borrowers
By Manesh Samtani | 27/04/2018
‘Debt Clinic’ programme to pooling unsecured bad loans under Sukhumvit Asset Management will expand to an additional 50,000 borrowers.
Capital / Liquidity
Policy Tools Sufficient to Reduce Financial Sector Leverage – PBOC
By Garima Chitkara | 26/04/2018
PBOC governor said Chinese economic fundamentals were strong and that the central bank had enough tools to bring down financial leverage and mitigate systemic risks.
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