Operational Risk

RBI Issues New Guidelines on Outsourcing for Coop Banks

03/07/2021

Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.

Trading & Investment

BOJ Seeks to Stimulate Bond Market Trading Activity

03/07/2021

The BOJ has cut its bond purchase targets, reflecting a desire to make the market more active after its own policy led to stagnant trading.

Anti-Money Laundering

Indonesia, Brunei to Cooperate on AML/CTF in Payments

03/07/2021

The MoU aims to strengthen policy cooperation on AML/CTF in payments. Indonesia is seeking to become a member of the FATF.

Structural Regulation

MAS: Remaining Amendments for BAA 2020 Take Effect

03/07/2021

Remaining amendments to Regulations, Notices and Guidelines needed for the Banking (Amendment) Act 2020 (BAA) commenced on 1 July 2021.

Liquidity Risk

SEBI Clarifies Application of Liquidity Risk Rules for Debt Funds

02/07/2021

Liquid assets requirements imposed in November mean that asset allocation limits only apply to the non-liquid portion of portfolios.

Anti-Money Laundering

FSC Korea Concerned of Embezzlement by Crypto Exchanges

02/07/2021

As the 24 September deadline for VASPs to register their businesses approaches, some businesses may close down, presenting risks to customer deposits.

Reporting & Disclosures

CSRC Includes Carbon Emissions in Revised Disclosure Rules

02/07/2021

Listed companies are required to disclose carbon emissions and environmental impacts, and voluntarily disclose measures to reduce carbon emissions.

Trading & Investment

Malaysia to Launch Night Trading in Derivatives by Q4

02/07/2021

Night Trading will enhance price discovery, align Malaysia’s derivatives market with global practices, and attract foreign traders.

Market Abuse

ASIC Consults on Changes to Market Integrity Rules

02/07/2021

Among the changes, the consultation proposes to require market participants to notify ASIC if it suspects a person of engaging in insider trading or manipulative trading.