Climate Risk

BNM to Require FIs to Report Climate-related Exposures

02/10/2019

Malaysia’s central bank will use the reported data to set new regulatory standards that better reflect the risks from climate-related exposures.

Credit Risk

SFC Offers Additional Guidance on New Margin Financing Rules

02/10/2019

New FAQs make clear that deviations from the new rules after 4 October will not automatically be seen as noncompliance or result in disciplinary action.

Data Privacy

ACCC Selects Ten Firms to Test Open Banking Data-Sharing

01/10/2019

The ten companies will work with Australia’s big four banks to test the data-sharing ecosystem through open banking APIs in the lead up to open banking’s official launch in February.

Payments & Settlements

First Foreign Firm Approved to Enter China Payments Market

01/10/2019

The PBOC has approved PayPal’s acquisition of a majority stake in domestic payments firm Gopay, giving it access to various domestic payments licences.

Structural Regulation

EU Equivalence Needed on Cross-Border Intragroup Transactions

01/10/2019

ISDA and EU banking associations are calling for equivalence decisions to be prioritised for Australia, Hong Kong, Singapore and South Korea, among others.

Cybersecurity

Singapore FIs Need Stronger Cyber Risk Culture: MAS CSAP

01/10/2019

CSAP members cite poor risk culture as a frequent contributing factor during cyber incidents, highlighting that clear expectations must be set at the board and senior management level.

Liquidity Risk

BSP Lowers Bank Reserve Requirement Ratio

01/10/2019

The 100bp cut in bank reserve requirements is expected to free up about $2.1bn in the financial system “in support of credit activity”.

Trading & Investment

Korea FSC Offers New Channels for Venture Capital Investment

01/10/2019

Securities, asset management and venture capital firms can obtain a license to operate a fund which raises capital from investors to list on the KRX and invests in unlisted companies.

Trading & Investment

SEBI Issues Norms for Funds on Money Market, Debt Valuations

01/10/2019

Mutual funds should value money market and debt securities using the waterfall approach on the basis of traded yields, SEBI said in a circular.