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.

Conduct, Culture & Accountability

OJK Enhances Consumer Protection Rules for FIs

26/05/2022

Financial services firms are required to protect consumers and the public during the entire lifecycle of a financial product or service.

Structural Regulation

Implementation of Global Tax Reforms to Be Delayed

26/05/2022

The full text of the agreement will not be ready by mid-year as originally planned. Implementation is now expected in 2024 rather than 2023.