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Capital / Liquidity
China Joins US in Leading Bank Profitability as Capital Shortfalls All but Disappear
By Samuel Riding | 13/09/2017
BIS report on Basel III finds US and China make up more than half the profits of the world’s Group 1 banks; TLAC shortfall of 12 G-SIBs tumbles to $360mn.
AML / KYC
Top PBOC Official Makes AML Powerplay
By Editors | 13/09/2017
Vice governor Yin Yong says central bank to ‘centralise’ work amid concerns about sanctions risk and meeting stricter international standards.
AML / KYC
Vietnam Central Bank Confesses Risk Monitoring, Inspection, Anti-corruption Failures
By Editors | 12/09/2017
Government Inspectorate says SBV should take action against individuals named in report; provincial and administrative units reminded to report all criminal activity.
AML / KYC
Philippines Banker Indicted for Bangladesh Heist Role
By Editors | 11/09/2017
Banker accused of facilitating transfer of $14mn into fake accounts, transferring money to a single account without following KYC procedures.
AML / KYC
Malaysia Central Bank to Finalise e-KYC Standards
By Editors | 11/09/2017
BNM governor has said the central bank intends to operationalise industry-wide e-KYC from next year; regulations for use in remittances to come soon.
Capital / Liquidity
Don’t Expect New EU Equivalency Decisions for Asia
By Samuel Riding | 07/09/2017
Ben Pott, head of government affairs at NEX Group, suggests Brexit and the time taken to resolve US-EU CCP issue, make equivalency rulings unlikely.
Capital / Liquidity
Philippine Central Bank Strengthens Compliance Standards
By Editors | 28/08/2017
Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.
Fintech / Regtech
Philippines Central Bank to Embrace Regtech
By Samuel Riding | 21/08/2017
Regtech to include API for FIs’ reporting; BSP to push financial services firms to improve cyberdefences; two bitcoin exchanges get regulatory approval.
Fintech / Regtech
Open Banking: A Roadmap for What’s to Come
By Stuart Fuller | 17/08/2017
A roadmap is useful when you get to a junction, where the path is unknown, and the choices are plenty. In the world of data, there are many junctions.
Capital / Liquidity
Malaysia Launches Leverage Ratio Consultation
By Editors | 17/08/2017
Banks will be required to calculate leverage ratios as of June 30 this year in response to consultation before full requirement comes into effect.
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