Emerging Prudential Risks

China Tightens Limit on Overseas Borrowing to Curb Inflows

13/12/2020

The decision is said to be part of a push to tame risks from overseas borrowing, which has rapidly increased as the yuan strengthened in recent months.

Trading & Investment

SGX to Promote China Bond Markets, MAS Registers Shanghai Office

13/12/2020

A series of MOUs to deepen collaboration in financial services and innovation were announced at the 2nd Singapore-Shanghai Comprehensive Cooperation Council meeting on Friday.

Structural Regulation

NZ RegCo Launches as NZX’s Listed Markets Regulator

13/12/2020

The now stand-alone, independently-governed agency will perform all of NZX’s frontline regulatory functions, with its Board providing support.

Cloud & Infrastructure

APRA Directs Financial Firms to Use New D2A for Reporting From April

13/12/2020

APRA says entities should upgrade all instances of D2A between now and 31 March 2021. All submissions after 31 March 2021 must be made using D2A version 6.

Conduct, Culture & Accountability

SFC to Raise Competency Bar for Licensees, With Some Flexibilities

13/12/2020

Among the changes, the SFC proposes tougher requirements for advisers on Takeovers Code transactions, to address concerns about the poor quality of work in this area.

Liquidity Risk

APRA Publishes New FAQs for ADIs on Liquidity

13/12/2020

APRA has published new FAQs for ADIs on minimum liquidity holdings, mortgage warehouse facilities and calculation of collateral outflows.

PEPs & Sanctions

S&P DJI Announces Removal of Chinese Companies from Indices

13/12/2020

The move follows last month’s executive order prohibiting US persons from purchasing securities of companies identified as being owned or controlled by China’s military.

Conduct, Culture & Accountability

APRA Publishes Findings From Big Banks’ BEAR Implementation Review

11/12/2020

CBA had the most developed approach to implement the BEAR, benefitting from the execution of its remedial action plan associated with the Prudential Inquiry.

Capital Adequacy

APRA Lowers Allianz Capital Charge to Reflect Better Risk Governance

10/12/2020

In recognition of progress to address risk governance issues, APRA has reduced Allianz’s additional capital requirement from A$250mn to A$150mn.