Capital Adequacy

APRA to Align Definition of SFI Across Prudential Standards

06/04/2022

Under the changes, foreign-owned ADIs will only be considered a ‘significant financial institution’ for capital adequacy purposes if they are large or complex.

AI Risk & Governance

OJK Launches New Integrated Data Analytics System

06/04/2022

‘OSIDA’ leverages data analytics and artificial intelligence to process and analyse large datasets reported by banks to detect risk.

Sustainable Finance

Malaysia EPF Establishes Sustainable Investment Policy

06/04/2022

The EPF is Malaysia’s largest institutional investor and pension fund. The policy will guide it in integrating ESG considerations in its investment processes.

Structural Regulation

CBIRC to Ease Rules on Bank Bond Issuance, Foreign Investment

06/04/2022

A requirement for foreign FIs to have USD 10 billion in assets to establish or become strategic investors in Chinese commercial banks has been removed.

Stablecoins

UK Outlines Plan to Become Global Hub for Crypto

06/04/2022

The plan includes a regulatory framework for payment-related stablecoins, enhancements to the tax system, and greater engagement with the crypto industry.

ESG Data

Hong Kong Launches Climate Risk Data Source Repository

06/04/2022

The repository contains a set of available data sources to help FIs manage climate-related risks and set climate-related goals and strategies.

Conduct, Culture & Accountability

BOT Pushes for Fair, Transparent Pricing of Financial Products

06/04/2022

The BOT has issued guidelines on how firms should charge interest, service fees and penalties for financial products and services.

Trading & Investment

FSB Applauds ‘Smooth Transition’ Away from LIBOR

05/04/2022

The FSB highlights a need to continue building liquidity in RFR-based products, use SOFR across global markets, and plan for the remaining USD LIBOR settings to cease.

Fraud, Scams & Cybercrime

Singapore Banks to Station More Staff at Anti-Scam Centre

05/04/2022

While banks have been supporting the police’s Anti-Scam Centre for the past three years, only DBS currently has staff physically located inside the centre.