Publications

Article 24 Jun 2020 5 minutes read

Economic Capital in the light of Basel II 2nd pillar requirements

Established by the Bank for International Settlement through the Basel committee on banking supervision, Basel II 2nd Pillar directives on Supervisory Review were designed primarily to make sure that banks estimate their equity needs as accurately as possible, taking into account their risk profile.

Article 24 Jun 2020 4 minutes read

Cross-selling: Unlocking the value in Bancassurance

Bancassurance distribution is taking off in Asia, with a regional deal size expected to soon exceed US$2.25 billion since 2016. DBS and Citigroup are confirming the trend, as they are currently keen to seek regional GI partners.

Article 24 Jun 2020 6 minutes read

Interview with Luc Leclere, Director at BNP Paribas Fortis (1/2)

Even after the biggest crisis since the 1930s, the population of High Net Worth Individuals reaches a new top each year. But while private banking's customer base grows, regulation and competition present serious challenges to the industry.

Article 24 Jun 2020 8 minutes read

CRYPTOCURRENCY REGULATION - LEGALITY, TRENDS & ANALYSIS

Over 2017, cryptocurrencies – such as Bitcoin, Ethereum, Ripple, etc. – have undergone historical growth in market capitalisation and price (e.g. Bitcoin price has raised 13 times over 2017, according to www.coindesk.com ).

Article 24 Jun 2020 8 minutes read

NYDFS Part 500 Cybersecurity Regulation Lessons Learned

After more than a year and a half implementing NYDFS Part 500’s requirements, this paper describes some of the lessons learned from the market. Additionally, these lessons have also been shared by many of our contacts who responded to a survey on the topic.

Article 24 Jun 2020 3 minutes read

VIRTUAL BANKING - OVERVIEW OF THE CURRENT LANDSCAPE

HKMA has issued a revised guideline in February 2018 on Authorization of Virtual Banks, setting out principles that the HKMA will consider when authorizing virtual banks to conduct business in Hong Kong.