Capital / Liquidity

APRA Issues Final Operational Risk Requirements for ADIs

12/12/2019

The prudential standard comes into effect from 1 January 2021 for ADIs using advanced measurement approaches to calculate the required capital for operational risk.

ESG / Sustainability

Japan to Revise Stewardship Code to Include ESG Factors

12/12/2019

The proposed revisions could be adopted as early as March, increasing the focus on ESG factors for institutional investors in Japan.

ESG / Sustainability

ASIC Launches Climate Risk Governance Surveillance Programme

12/12/2019

ASIC has started contacting large companies as part of an investigation into climate risk governance. The findings are expected in July 2020.

AML / KYC

HSBC Switzerland to Pay $192mn to Settle US Tax Evasion Probe

12/12/2019

HSBC Switzerland has admitted to conspiring with US taxpayers to evade taxes and helping them to hide more than $1bn in assets from tax authorities.

Market Infrastructure

CPMI, IOSCO Share Lessons of Supervisory Cooperation on Market Infrastructures

12/12/2019

Among the key features of successful cooperative arrangements are strong, trusted relationships between authorities and a willingness to exchange information.

Market Infrastructure

China Issues Revised Trading Rules for Interbank FX Market

12/12/2019

The rules are intended for both domestic and foreign institutions, in line with recent draft rules from SAFE that sought to allow foreign firms to trade RMB foreign exchange derivatives.

Market Infrastructure

CBIRC Offers Update on Banking, Insurance Opening-Up

12/12/2019

From January to October, the CBIRC has approved over 30 applications from foreign firms looking to either establish operations or commence business in China.

MPFA Commences Tendering Process for New eMPF Platform

12/12/2019

Companies that meet the technical requirements of the eMPF project are encouraged to form consortia and submit tenders by 9 April 2020.

Securities / Derivatives

NSE Launches Interest Rate Options on 10-Yr Govt Bond

11/12/2019

Interest rate options on 10 year government bonds provide institutional investors a new tool to hedge interest rate risk.