Capital / Liquidity

RBNZ Proposes Rules for Imposing Mortgage Lending Limits

10/11/2022

The earliest date the RBNZ could implement DTI restrictions on residential mortgage lending is likely to be March 2024.

ESG / Sustainability

NGFS Launches New Blended Finance Initiative

10/11/2022

The initiative, co-led by MAS and DNB, will result in a “Blended Finance Handbook” and “demonstrative projects”.

Market Infrastructure

FIA Urges Careful Use of Circuit Breakers in Energy Markets

10/11/2022

FIA is supportive of using circuit breakers to manage disorderly markets but not as tools to control or cap prices.

Enforcement

ASIC Sets Out Enforcement Priorities for 2023

07/11/2022

ASIC will target greenwashing, predatory lending and crypto investment scams, along with other “enduring” priorities involving misconduct and systemic compliance failures by large FIs.

Capital / Liquidity

SGX RegCo Refines CDP Margining Framework & Clearing Fund

04/11/2022

Margin rates will be differentiated based on different risk profiles of securities. Margin offsets will be introduced to account for diversification effects. Anti-procyclicality measures will be enhanced.

Fintech / Regtech

MAS Launches New Initiative to Advance Cross-Border CBDC Work

04/11/2022

Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.

AML / KYC

NZ DIA Updates CCD Guidance to Address Nominee Structures

01/11/2022

Reporting entities “must” take reasonable steps to verify the existence and name of any nominee director, shareholder or general partner at onboarding.

ESG / Sustainability

HKEX Launches Carbon Market to Support Net Zero Transition

30/10/2022

The new platform will allow participants to source, hold, trade, settle and retire voluntary carbon credits from internationally-certified carbon projects.

AML / KYC

AUSTRAC Issues New Guidance on Preventing TBML

28/10/2022

The guidance describes the most common TBML methodologies and provides indicators and behaviours to help financial service providers detect and report suspicious activity.