CBIRC Whistleblower Handling Mechanism to Take Effect from March

20/01/2020

The measures oblige banking and insurance supervisors to investigate violations of banking and insurance laws and regulations reported by whistleblowers, and to protect their privacy.

ESG / Sustainability

TWSE Adds Climate Risk to Disclosure Rules for Listed Companies

20/01/2020

Listed companies are required to disclose information on their governance of climate-related risks and opportunities, and the actual and potential impacts of their activities on climate.

MAS Alerts Financial Institutions to Microsoft Windows Vulnerabilities

20/01/2020

The vulnerabilities could allow malicious files or applications to bypass detection from security applications and gain control of the computer systems.

Capital / Liquidity

BNM Issues Draft Framework on Recovery, Resolution Planning

20/01/2020

Each financial institution will be required to identify and plan for the execution of a suite of recovery options to restore its long-term viability under a range of stress events.

Market Infrastructure

China Launches Upgraded Credit Reference System

20/01/2020

The new system covers 5 years of financial records, compared to 2 previously, including information on borrowers’ employment status, co-borrowing records, and utility payment history.

Enforcement

MAS Issues First Penalty for Shareholder Disclosure Breach

20/01/2020

An investor was fined S$200,000 for failing to disclose that he had become a substantial shareholder in a Catalist-listed company, and for subsequent disclosure rule breaches.

Market Infrastructure

NBFI Posing Financial Stability Risk Grows at Slower Pace: FSB

20/01/2020

Non-bank financial intermediation posing bank-like financial stability risks grew by 1.7% in 2018, significantly slower than the 2012-2017 average annual growth rate of 8.5%.

Capital / Liquidity

Sri Lanka Offers Credit Support for Banks to Boost SME Lending

18/01/2020

The new scheme provides risk mitigation support to banks that defer principal repayment and extend new loans for SME borrowers, including those that have defaulted.

Market Infrastructure

Japan to Allow Regional Banks to Expand Outside Core Business

17/01/2020

FSA commissioner Toshihide Endo wants struggling regional lenders to engage with customers and help them grow, as a way to boost bank profitability and regional economies.