Market Risk

APRA Defers Implementation of IRRBB, FRTB, CVA Risk

27/10/2021

The prudential standard for IRRBB will now take effect from 1 January 2024. The FRTB and CVA risk frameworks will take effect from 1 January 2025.

Trading & Investment

Deutsche Bank Launches FX Trading Infrastructure in Singapore

27/10/2021

The launch is in line with a MAS objective to develop Singapore into a regional FX trading hub. RBC Capital Markets and Nomura also plan similar launches later this year.

Sustainable Finance

Singapore Launches New Family Office Network, GFO Circle

27/10/2021

The GFO Circle is a “one-of-a-kind” public-private partnership to bring the family office industry together, said MAS executive director Ms Thong Leng Yeng.

Structural Regulation

HK to Maintain Covid Restrictions Despite Plea from FIs – Report

27/10/2021

A government spokesperson reportedly said the city continue to strive to reach ‘zero infection’ and the top priority remains reopening travel to the mainland.

Market Risk

International Standard Setters Launch Review into Margin Practices

26/10/2021

While centrally cleared and non-centrally cleared markets faced similar levels of volatility in March and April 2020, IM requirements increased significantly only for centrally cleared derivatives.

Trading & Investment

Taiwan to Relax Share Issuance Rules for Listed Companies

26/10/2021

The changes would allow listed companies to file an application covering multiple issuances of new shares within a two-year period.

Structural Regulation

China to Use Property Tax to Curb Real Estate Speculation

26/10/2021

The introduction of a property tax is aimed at facilitating the steady and sound development of the property market, curbing speculation, and redistributing wealth.

Trading & Investment

US SEC Publishes Findings from Meme Stock Review

26/10/2021

SEC staff concluded that US markets functioned well and dislocations caused by short-selling were not the main cause of the extreme volatility in GameStop.

KYC & CDD

PBOC Issues Guidance on Risk-based Account Opening

26/10/2021

Banks are required to establish a classification and hierarchical management system for SME bank accounts by the end of the year to ensure proper risk control.