Credit Risk

OJK Indonesia Extends Debt Restructuring Relief for One Year

07/09/2021

Banks are still required to ensure adequate risk management procedures are in place and that only debtors who are eligible are given the option to restructure their debt.

Clearing & Post-Trade

HKEX to Roll-out New Workflow for Derivatives Position Adjustments

07/09/2021

The enhancement will allow clearing participants to submit position adjustments requests directly at DCASS Online, replacing the existing paper-based workflow.

Climate Risk

MAS Forms Sustainability Group, Appoints Chief Sustainability Officer

07/09/2021

The new group will coordinate MAS’ green finance and sustainability agenda to strengthen the financial sector’s resilience against environmental risks.

Anti-Money Laundering

AUSTRAC Outlines Common Reporting Mistakes – Report

06/09/2021

Reporting mistakes have included incorrectly-used fields, late filings, inconsistent data input, and defensive reporting.

Structural Regulation

CSRC Issues Draft Rules for Beijing Stock Exchange

06/09/2021

SMEs trading on the NEEQ for at least 12 months will qualify to list on the Beijing Stock Exchange, which will adopt the registration-based IPO system.

Structural Regulation

StanChart, NTUC Enterprise to Form Singapore Digital Bank

06/09/2021

A Standard Chartered subsidiary will hold 60 percent of the digital banking venture under a licence obtained from MAS in December.

Trading & Investment

SEBI Directs Fund Managers to Disclose Risk in All Promo Materials

06/09/2021

SEBI has clarified that asset managers should disclose scheme “risk-o-meters” in all disclosures including promotional material from 1 October.

Reporting & Disclosures

Philippine SEC to Make Sustainability Reporting Mandatory

06/09/2021

Publicly listed companies will be required to submit sustainability reports separate from their annual reports from 2023.

Climate Risk

Australian Banks to Complete First CVA Analysis by Year-End

06/09/2021

APRA has released a new paper describing the Climate Vulnerability Assessment now underway at Australia’s five largest banks.