Capital / Liquidity

BIS Paper Identifies Sources of Regulatory Fragmentation in Banking

09/02/2020

The paper points to varying asset valuation practices, which impact measurements of banks’ regulatory capital, along with Pillar 1 and Pillar 2 implementation differences.

Enforcement

SFC Bulletin Shows Sponsor Conduct Still Top-of-mind

07/02/2020

The Regulatory Bulletin offers case studies illustrating the SFC’s key areas of concern and recent regulatory interventions in IPO applications and corporate transactions.

AML / KYC

EBA Consults on Revised ML/TF Risk Factors Guidelines

07/02/2020

The proposed changes will significantly strengthen Europe’s AML/CFT defences and foster greater convergence of supervisory practices, the EBA says.

Securities / Derivatives

SGX RegCo Offers Guidance as New Disclosure Rules Take Effect

07/02/2020

Listed companies should have robust and effective internal controls in place to assess material information requiring disclosure, says SGX RegCo chief Tan Boon Gin.

Capital / Liquidity

Cabinet Approves Amendments to Bring Co-op Banks Under RBI Oversight

07/02/2020

Under the amendments, the RBI gain powers to supersede the board of a cooperative bank under stress, with government approval.

Market Infrastructure

RBA Considers Mandating ‘Least Cost Routing’ – Reports

07/02/2020

Forcing banks to route payments through EFTPOS rather than Visa or Mastercard could save retailers an estimated A$500mn a year.

Enforcement

Banks Against Penalties Proposed in New Accountability Regime

07/02/2020

Australia’s new Financial Accountability Regime will subject accountable persons to penalties up to A$1.05mn per breach, or three times the benefit derived or detriment avoided, whichever is higher.

Securities / Derivatives

NAFMII Enables ‘Green Channel’ Bond Issuance Amid Virus Outbreak

07/02/2020

NAFMII will support companies affected by the coronavirus outbreak and those helping to contain it by enabling a ‘green channel’ for fundraising and debt issuance.

MAS Proposes New Requirements for Insurers Managing Par Funds

07/02/2020

Among the new requirements introduced for insurers is an obligation to ensure that any charge or expense allocated to the Par Fund is “fair and reasonable”.