Capital / Liquidity

APRA to Set CCyB Default Rate at 1pc from 1 Jan 2023

22/12/2022

The CCyB default rate in Australia has been set at zero percent of risk-weighted assets since it was introduced in 2016.

Securities / Derivatives

SEBI Considering Allowing Listings by ‘Micro REITs’

22/12/2022

Micro REITs will be allowed to hold just a single asset or a diversified portfolio, to provide easier access to retail investors.

Crypto / Digital Assets

HKMA Intends to Implement BCBS Cryptoasset Standards

22/12/2022

The HKMA plans to implement the Basel standards on the treatment of cryptoasset exposures locally by 1 January 2025, in accordance with the BCBS timetable.

ESG / Sustainability

EU Lawmakers Agree on Enhancements to Carbon Market

22/12/2022

The agreement, which still needs formal endorsement, will accelerate the pace at which energy-intensive companies are obligated to reduce emissions.

Enforcement

UK Regulators Fine TSB Bank Over IT Upgrade Failures

22/12/2022

An IT system upgrade in April 2018 resulted in nearly 2 million TSB Bank customers being unable to access banking services.

ESG / Sustainability

China Preparing to Issue New Rules for Green Funds – Report

22/12/2022

The new rules will require mutual funds and ETFs to have at least 60 percent of their assets in defined green investments to be eligible to be sold as green products.

AML / KYC

NZ FMA Takes Tiger Brokers to Court for AML Failings

22/12/2022

Tiger Brokers failed to appropriately vet customers, respond to activities that should have raised concerns, and maintain appropriate records.

Market Infrastructure

ESMA Publishes Final Guidelines, Validation Rules for EMIR Refit

22/12/2022

ESMA published its final guidelines for reporting under EMIR, the final validation rules, and reporting instructions for outgoing and incoming messages.

Capital / Liquidity

RBI Directs Banks to Improve Financial Statement Disclosures

22/12/2022

The RBI has asked banks to disclose more information when “Other Liabilities and Provisions” and “Other Assets” items exceed 1% of total assets.