The US and Singapore support allowing financial service suppliers to transfer data across borders and oppose generally applicable data localisation requirements.
ACAMS will encourage financial crime professionals globally to adopt a blueprint for mobilising finance against modern slavery and human trafficking.
Maybank, CIMB and Public Bank have been designated as D-SIBs and will have to maintain extra capital buffers from 31 January 2021 to reduce the probability of failure.
The Consumer Data Right Rules give legislative force to consumer requests for banks to share their data with accredited data recipients.
ISDA will consult on a single protocol that would allow participants to include both pre-cessation and permanent cessation fallbacks in derivatives trades.
The new 'Common Application Form' can be used for three purposes - FPI registration with SEBI, PAN issuance by the CBDT, and KYC for account opening with intermediaries.
Finance Minister Nirmala Sitharaman announced in her Budget Speech that deposit insurance would be increased to 500,000 rupees per depositor.
Phase 3 will expand the scope of covered personal debt to include cases involving a single debtor. The Debt Clinic has so far helped over 3,000 borrowers refinance bad debt.
Performance reviews of commodity derivatives contracts should be conducted each year to ensure alignment with the physical markets.
The current priority is to collect climate-related data and understand how it impacts FIs in order to conduct a proper stress test, says MAS board member Ong Ye Kung.