Conduct, Culture & Accountability

SSE Proposes to Increase Transparency of Disciplinary Processes

28/05/2022

The SSE is revising its rules on disciplinary actions, reviews and hearings to enhance transparency, standardisation and efficiency.

Operational Risk

MAS Raises OCBC Capital Requirement for Scam Incident

27/05/2022

OCBC has to apply a 1.3x multiplier to its RWA for operational risk, which translates to additional regulatory capital of S$330mn.

Trading & Investment

ISLA, ICMA Advance Work to Digitise Industry Documentation

27/05/2022

ISLA and Linklaters are working to automate securities lending contract negotation. ICMA is looking to digitise repo documentation.

Sustainable Finance

BSP Consults on Sustainable Investment Guidelines for Banks

27/05/2022

The guidelines offer three recommended approaches to help banks assess the sustainability of their prospective investments.

Trading & Investment

WFE Sheds Light on Effectiveness of Circuit Breakers

26/05/2022

The study shows that the circuit breakers triggered during the March 2020 volatility contributed to alleviating financial market pressures.

Structural Regulation

SGX RegCo Extends Suspension of Issuer Watch-List Reviews

26/05/2022

The extension will enable issuers time to operate under normal business conditions and recover from Covid-19 related challenges.

CBDCs

US Banks Lobby Against Possible Issuance of CBDC

26/05/2022

The American Bankers Association says a CBDC would risk moving 71% of bank deposits to the Fed and undermine the financial system.

Credit Risk

Taiwan Extends Application Period for Loan Deferrals

26/05/2022

Borrowers that have difficulty repaying their loans can apply for a three to six month deferment. The deadline for applications is 30 June 2023.

Payments & Settlements

RBI Directs All Banks to Enable Cardless ATM Withdrawals

26/05/2022

The RBI’s directions are expected to curb frauds like card skimming and cloning. The UPI will be used for customer authorisation.