Enforcement

CSRC Proposes to Double Maximum Reward for Whistleblowers

01/12/2022

The CSRC also proposes to enable whistleblower reports to be submitted through its 12386 service platform.

Capital / Liquidity

RBI Allows Banks to Include SDF Balances in LCR Computation

01/12/2022

The RBI’s intent is to improve the ability of banks to achieve the 100 percent LCR requirement, while still using the standing deposit facility.

Securities / Derivatives

SC Malaysia Consolidates Islamic Capital Market Guidelines

01/12/2022

The consolidated guidelines introduce a new chapter dedicated to ‘waqf’ and introduce additional requirements on Islamic fund management business.

Capital / Liquidity

RBI, FSA Agree to Improve Mutual Cooperation on CCPs

01/12/2022

The letters of cooperation come after two years of negotiations between Indian and Japanese regulators on CCPs.

ESG / Sustainability

APRA Unveils Results of Big Bank Climate Vulnerability Assessments

01/12/2022

The CVA results suggest that climate risk impacts and bank loan losses are likely to be concentrated in specific regions and industries.

ESG / Sustainability

Climate Disclosures to be Mandatory for Taiwan FIs in 2024

30/11/2022

FIs will have to disclose climate-related information in annual reports and public offering documents for securities issuance.

Enforcement

Australian Court Dismisses ASIC Proceedings for CBA Overcharging

30/11/2022

CBA’s terms and conditions acknowledged that sometimes the bank ‘can get things wrong, and when this happens’ it is ‘determined to make them right again’.

HSBC to Sell Canadian Unit to RBC for $10b

30/11/2022

The deal is expected to complete in late 2023. HSBC said its group strategy remains unchanged.

Crypto / Digital Assets

More Than 500 Banks Have Now Adopted ‘Swift Go’

30/11/2022

Swift outlines progress made in 2022 toward the G20’s goals for enhancing cross-border payments, including through CBDC experimentation.