Emerging Prudential Risks

APRA Sets Out Macroprudential Policy Framework

12/11/2021

APRA has defined certain credit measures it can take to address systemic risks if needed, such as temporary lending limits and minimum lending standards.

Market Risk

BCBS Finalises Revisions to Market Risk Disclosure Requirements

12/11/2021

The BCBS has also finalised standards for banks to use when disclosing their sovereign exposures and risk-weighted assets.

Payments & Settlements

Singapore, UAE Conclude Digital Trade Financing Pilot

12/11/2021

The pilot enabled trading counterparties and transacting banks to digitally validate and exchange trade documents in real-time.

Conduct, Culture & Accountability

SFC Bans Two Ex-Licensees Over Use of Client Accounts

12/11/2021

One former representative effected discretionary trades in clients’ accounts without authorisation. The other traded his own stocks from a client’s accounts.

Payments & Settlements

Malaysia Joins PoC Project to Test Cross-border Payment Links

11/11/2021

BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.

Anti-Money Laundering

APG Re-rates Sri Lanka on One FATF Recommendation

11/11/2021

Sri Lanka extended its foreign exchange declaration requirements to include the full range of bearer negotiable instruments, in line with Recommendation 32.

Anti-Money Laundering

Indonesia, UAE to Cooperate on Payments, Fintech, AML

11/11/2021

Central banks will cooperate on cross-border payments, fintech, and AML. Financial services regulators will cooperate on developing the Islamic finance industry.

Supervision & Enforcement

FSS Faces Criticism Over Revamp of Supervisory Approach

11/11/2021

South Korea’s FSS will shift focus from disciplinary actions to risk prevention, according to FSS governor Jeong Eun-bo.

Trading & Investment

More than 400 VCCs Established in Singapore to Date: MAS

11/11/2021

As of mid-October, about 300 asset managers have incorporated or re-domiciled more than 400 VCCs in Singapore.