Credit Risk

RBI Issues Operational Guidance for UCB Large Exposure Reporting

20/01/2020

Large urban cooperative banks have to report exposures over 50mn rupees to a central repository within one month from the end of each quarter.

Market Data & Technology

IOSCO Issues Final Report Recommending UTC Time Stamping of Trades

20/01/2020

Trading venues and their participants should synchronise the clocks they use for timestamping reportable events with coordinated universal time (UTC), IOSCO says.

Conduct, Culture & Accountability

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.

Reporting & Disclosures

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.

Cybersecurity

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.

Resolution & Recovery

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.

Credit Risk

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.

Market Abuse

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.

Emerging Prudential Risks

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%.