Resolution & Recovery

FSB Prioritises CCP Resilience, Resolvability in Policy Work

15/11/2019

The FSB says it plans to consult on new guidance on evaluating the adequacy of a CCP’s resolution resources, and challenges still remain on aspects of G-SIB resolvability.

Market Risk

BCBS Consults on Pillar 3 Disclosure for Market Risk, Sovereign Exposures

15/11/2019

The first consultation sets out adjustments to Pillar 3 templates to reflect the revised market risk framework; the second consults on voluntary disclosure templates for banks’ sovereign exposures.

Emerging Prudential Risks

New Supervisory Framework for Internationally Active Insurers

15/11/2019

The global framework comprises an enhanced set of supervisory policy measures and powers of intervention, along with an annual IAIS global monitoring exercise.

Tokenisation

HSBC, SGX, Temasek Jointly Explore DLT for Singapore Bond Markets

15/11/2019

The trial will make use of tokenised securities and smart contracts over a permissioned ledger to streamline bond issuance and servicing workflows.

KYC & CDD

MAS to ‘Take Another Crack’ at KYC Utility Project

15/11/2019

The KYC Utility project was shelved last year after the setup costs were deemed to be too high. This time, the MAS will look at “less costly” technology architecture.

Conduct, Culture & Accountability

ASIC Offers Guidance to Help Companies Establish Whistleblower Policies

14/11/2019

ASIC is offering guidance to help companies and implement whistleblower policies. It will be a legal requirement to have a policy in place from 1 January.

Trading & Investment

Malaysia Central Bank Revises Repo Rules

14/11/2019

New rules increase repo transaction tenor to five years and expand the list of eligible securities allowed in repo transactions.

Cloud & Infrastructure

Regulation Asia Awards for Excellence 2019 – Results Announcement

14/11/2019

Regulation Asia held its second annual Awards ceremony on 13 November 2019 to recognise technology companies, legal and consulting firms, and exchanges that have helped shape the regulatory landscape in Asia Pacific over the past year.

Conduct, Culture & Accountability

UPDATED – South Korea Cracks Down on High-Risk Derivatives Sales

14/11/2019

Penalties for mis-selling are being toughened to include fines up to 30 million won and punitive fines up to 50 percent of unfair gains. New standards for professional investors also established.