Fraud, Scams & Cybercrime

Bangladesh Tightens Rules for Agent Banking Operations

01/05/2022

Banks will be required to more closely monitor their agent banking outlets, conduct regular visits of such operations, and submit quarterly reports on any irregularities detected.

Cloud & Infrastructure

DSB Issues Consultation on OTC ISIN and CFI Service

30/04/2022

The consultation focuses on remediation work following a technical review of the DSB’s cloud infrastructure, enterprise-wide risk monitoring tools, and GUI enhancements.

Reporting & Disclosures

HKEX Launches Public Repository on Issuer Board Diversity

30/04/2022

The centralised platform will make available data regarding each listed company’s board of directors – by age, gender and years of tenure.

Liquidity Risk

RBI Updates LCR Guidance for Commercial Banks

30/04/2022

Banks can include government securities worth up to 16 percent of their NDTL in their LCR calculations, compared to 15 percent under earlier guidance.

Conduct, Culture & Accountability

BNM Proposes Rules for Hiring Insurance, Takaful Agents

30/04/2022

Insurers and takaful operators must undertake a due diligence process that includes reference checks with all of an agent’s current and former employers.

Cybersecurity

CSRC Proposes to Tighten Rules on Cybersecurity Management

30/04/2022

Securities and futures firms will have to establish risk monitoring and early warning systems, and strengthen daily vulnerability scanning and security assessments.

Conduct, Culture & Accountability

Philippine SEC Implores Listed Firms to Improve Board Diversity

29/04/2022

The SEC said having women represented on the board is a good corporate governance practice and more listed companies should strive to achieve greater boardroom diversity.

Credit Risk

Bangladesh Banks Warned Against Overly Generous Interest Waivers

29/04/2022

The central bank says some banks are waiving interest on loans too generously, a practice which could lead clients to lose interest in timely repayment.

Climate Risk

FSB Issues Guidance for Regulators on Climate-related Risks

29/04/2022

The report offers recommendations for monitoring, managing and mitigating climate-related risks to promote consistent approaches across sectors and jurisdictions.