Trading & Investment

ISDA Launches Microsite to Facilitate Understanding of IBOR Fallbacks

22/07/2021

The microsite provides information about adoption rates for the ISDA 2020 IBOR Fallbacks Protocol and graphs comparing LIBOR and fallback rates.

Conduct, Culture & Accountability

Bursa Malaysia Proposes Rule Changes to Enhance Board Quality

22/07/2021

Bursa Malaysia proposes to limit the tenure of independent directors and require listed issues to have in place a fit and proper policy.

Payments & Settlements

CPMI, IOSCO Identify Shortcomings in FMI Business Continuity Plans

22/07/2021

Some FMIs do not fully meet expectations with respect to recovery from operational incidents, such as natural disasters or IT systems outage.

Emerging Prudential Risks

BCBS to Amend Process for Reviewing G-SIB Methodology

21/07/2021

The BCBS plans to replace the existing three-year review cycle of the assessment methodology with a process of ongoing monitoring and review.

Supervision & Enforcement

HKMA Revises Policy Manual on Bank Group Supervision

21/07/2021

The SPM module was revised to reflect the current supervisory approach and practices adopted by the HKMA and to incorporate international standards.

Credit Risk

APRA Says Loan Deferrals Need Not be Treated as Arrears

20/07/2021

Banks will not need to treat the period of deferral being offered by banks to borrowers as a period of arrears or a loan restructuring.

Anti-Money Laundering

SFC Sanctions Sino-Rich Responsible Officers Over AML Breaches

20/07/2021

Sino-Rich Securities & Futures was fined for AML breaches in March. Its CEO and another director have been deemed responsible.

Structural Regulation

ACCC Wary of Potential NAB Bid for Citigroup Unit

18/07/2021

NAB is in talks about a possible acquisition of Citigroup’s Australian retail banking business. The ACCC says it is paying close attention.

Tokenisation

SFC Issues Warning on Unregulated Virtual Asset Platforms

18/07/2021

Soon after the SFC’s statement, Binance announced that stock tokens will no longer be available for purchase on its website.