The ACCC is commencing an inquiry to find out why banks are not fully passing on interest rate cuts to borrowers, and what prevents customers from switching to cheaper lenders.
Banks that present less risk, including foreign banks, will have reduced requirements. An idea to subject US branches of foreign banks to new liquidity requirements has also been dropped.
LIBOR’s permanent discontinuation will be one of the “most significant events in global financial history”, BOJ deputy governor Masayoshi Amamiya said at ASIFMA’s Annual Conference.
The foreign ownership limit will be cancelled next year for futures companies, fund managers and securities firms from 1 January, 1 April and 1 December, respectively.
FSB Reports on OTC Derivatives Reform ProgressOctober 17, 2019
ASIC Grants Advisers Relief From Compliance ObligationOctober 16, 2019
Korea to Pilot Open Banking Platform From 30 OctOctober 16, 2019
PBOC Privately Solicits Bank Feedback on Customer Data ProtectionOctober 16, 2019
Philippines: BSP Approves Amended D-SIBs FrameworkOctober 16, 2019
SGX RegCo Raises Bar for Property, Business ValuationsOctober 16, 2019
FMSB Issues Final Guidance on Conflicts of InterestOctober 16, 2019
FSC Korea Receives Applications for Internet-only Bank LicencesOctober 16, 2019
Australia to Form New Disciplinary Body for Financial AdvisersOctober 15, 2019
ACCC to Probe Banks on Mortgage Pricing Decision-makingOctober 15, 2019