Market Risk

APRA Proposes Additional Revisions to IRRBB Standard

29/11/2022

APRA says the revisions are intended to result in a more stable IRRBB capital charge. It intends to finalise the revisions in mid-2023.

Clearing & Post-Trade

India to Move F&O Stocks to T+1 Settlement in January

29/11/2022

The initial plan was to move stocks for which futures and options are available to the new T+1 settlement cycle in two batches.

Cryptocurrency

VASPs Propose Measures to Improve Regulatory Mechanisms for Crypto

28/11/2022

The proposals include a mechanism to allow VASPs to discover one another, so as to better manage counterparty risk and enhance compliance requirements.

Cybersecurity

HKMA Issues Guidance on Protecting Against DDoS Attacks

28/11/2022

The guidance focuses on risk assessment, anti-DDoS control architecture, third party governance, and incident response and escalation.

Reporting & Disclosures

MSCI Index Constituents Linked to Modern Slavery – Report

28/11/2022

A new report says many index funds and state pensions are investing in companies that use Uyghur forced labour or source from suppliers that do.

Sustainable Finance

Taiwan to Encourage Foreign Fund Managers to Develop Local ESG Capabilities

28/11/2022

The FSC will encourage overseas fund managers to provide ESG-related research and technologies to their local agents in Taiwan.

Fraud, Scams & Cybercrime

DOJ Charges Two for Fraud Involving Fake Crypto Mining Operation

28/11/2022

Two Estonians induced victims to enter into “fraudulent equipment rental contracts” and to invest in a fake digital currency bank.

AI Risk & Governance

Kaizen’s Single Rulebook Recognised for Change Management Solution

28/11/2022

Part of Kaizen Reporting, Single Rulebook was created in May 2019 to provide an easier and more cost-effective way of managing a changing regulatory landscape.

Capital Adequacy

HKMA Confirms Decision to Defer Implementation of Basel III Reforms

28/11/2022

Hong Kong’s implementation of the Basel III final reform package is being deferred to allow the industry more time to prepare.