Liquidity Risk

BNM Extends Flexibility to Use Govt Securities to Meet SRR

21/01/2021

Since March 2020, the lower SRR ratio and flexibility to recognise MGS and MGII as part of SRR compliance have released MYR 46 billion in banking system liquidity.

KYC & CDD

Financial Crime 2021: Digital ID, Due Diligence, Sanctions

21/01/2021

Last year’s financial crime landscape forced many FIs to rapidly adapt to evolving threats. In the year ahead, a continued focus on risk mitigation is prudent.

Liquidity Risk

Korea to Require Brokers, Insurers to Enhance FX Risk Management

21/01/2021

Non-banking financial institutions will have to report details about their FX exposures monthly to ensure their FX liquidity remains adequate.

Structural Regulation

Japan FSA Opens New Dedicated Office for Foreign Firms

21/01/2021

The new office will handle pre-application consultation, registration and supervision, with all communications available in English.

Operational Risk

APRA Issues Second Consultation on Insurance in Superannuation

21/01/2021

Submissions in the previous consultation sought further clarification on the proposed changes, which are aimed at improving member outcomes.

Credit Risk

China Allows Nonbank Creditors to Initiate Creditor Committees

20/01/2021

To date, only bank creditors have been allowed to initiate the establishment of creditor committees, while nonbank financial institutions were often excluded.

Structural Regulation

Hong Kong, Thailand Agree Mutual Recognition of Funds

20/01/2021

Each Hong Kong or Thai fund approved under the MRF scheme will have to appoint a firm in the other market to serve as its representative.

Emerging Prudential Risks

FSB Publishes Work Programme for Year Ahead

20/01/2021

The work programme includes initiatives to strengthen NBFI resilience, enhance cross border payments, and address climate change, among other priorities.

Anti-Money Laundering

HK Police Arrest Bank Staff for Money Laundering – Report

20/01/2021

The 7 individuals arrested are said to have helped a member of an international money laundering syndicate open at least 14 bank accounts.