Under the proposed ILS Grant Scheme, the amount of grant for each issuance will be capped at HK$12mn, depending on the maturity of the ILS.
Speaking at a virtual event hosted by GARP, APRA’s Sean Carmody said the pandemic highlighted financial industry dependencies on certain third-party providers.
Non-deposit taking HFCs with an asset size of INR 50 billion and above, and all deposit taking HFCs, will have to achieve a 100% LCR by December 2025.
DBS said the local government and the RBI, who drafted and approved the takeover proposal, would be primary respondents in the lawsuits.
Commissioner Sean Hughes said ASIC will only need to intervene when there are signs of harm and misconduct, emphasising the checks and balances in place.
SGX plans to continue its M&A focus to strengthen its FX, fixed income, data and capital markets connectivity businesses, says chief executive Loh Boon Chye.
Sea Group's e-commerce arm Shopee plans to turn a newly acquired Indonesian bank into a digital bank. OJK is meanwhile preparing new regulations for digital banks.
No customer is going to wake up the day after 31 March and find that there is some legal action being taken by their bank on their loan, said ABA CEO Anna Bligh.
The changes will discourage opportunistic class actions and protect companies from liability unless their officers have acted with “knowledge, recklessness or negligence”.
The developer of a phishing kit used to steal tens of millions of dollars from bank accounts in 11 countries has been arrested in Ukraine.