Fintech / Regtech

Banking on the Cloud is Vital – Report

29/08/2018

In a new report, Quinlan & Associates suggests successful adoption and effective utilisation of cloud technology can help banks achieve a 1-2 percent revenue boost and a 2 percent reduction in overall costs.

Fintech / Regtech

MAS, SGX to Develop Cross-Platform DvP Settlement of Tokenised Assets

27/08/2018

Nasdaq, Deloitte and Anquan appointed as technology partners to enable simultaneous exchange and settlement of tokenised digital currencies and securities assets using blockchain technology.

AML / KYC

Singapore’s UOB Integrates Machine Learning in AML Systems

24/08/2018

Collaboration with regtech firm Tookitaki has enabled deeper and broader analyses of data sets which can be applied to all processes within AML framework.

Capital / Liquidity

India’s Bank Recapitalisation Plan Will Not Boost Loan Growth – Moody’s

23/08/2018

A recent report by Moody’s Investor Services says the government’s recapitalisation plan for state run banks will be just enough to cover loan losses and regulatory capital ratios, but not enough to boost credit growth required for economic expansion.

Capital / Liquidity

Japan’s Regional Banks Told Not to Blame BOJ for Woes

23/08/2018

FSA commissioner urges regional banks, whose profits are down 30% from 5 years ago, to explore ways to manage low interest environment, other than blaming monetary policy.

Capital / Liquidity

India’s Government Asks RBI to Ease Pressure on State Banks

23/08/2018

Government wants central bank to review criteria for releasing banks from PCA framework, shift to Basel III capital standards.

Market Infrastructure

Trade Row May Delay US Banks Seeking China Expansion – Report

23/08/2018

US banks believe trade tensions could delay or prevent approvals to increase their stakes in Chinese subsidiaries, possibly enabling European banks to an gain upper hand.

Market Infrastructure

SOFR Gains Acceptance as LIBOR Alternative

22/08/2018

Credit Suisse, the World Bank and Fannie Mae have now all issued new debt referencing the SOFR, which draws from actual repo market transactions to reflect the cost of borrowing cash secured against US government debt.

Enforcement

Japan’s Suruga Bank Under Fire for Potentially Illegal Loans

22/08/2018

Draft report by investigative panel says the bank’s management failed to take reasonable caution against lending malpractice involving the falsification of documents.