Big Picture

Financial Institutions Underestimating Climate Risk: IPCC Report

07/04/2022

Transparency alone is insufficient to drive the required asset reallocation in the absence of clear regulatory frameworks, the report says.

Securities / Derivatives

SEBI Clarifies New Related Party Transaction Rule

07/04/2022

Related party transactions approved before 1 April under the old rules will require approval from shareholders.

Securities / Derivatives

IOSCO Seeks Feedback Bond Market Liquidity, ETF Guidance

07/04/2022

IOSCO is considering ways to improve the functioning of corporate bond markets. It is also proposing new guidance to improve ETF markets.

AML / KYC

Myanmar Orders Conversion of All Foreign Currency to Kyat

07/04/2022

The order suggests the military government may be struggling to repay debt and purchase key supplies. Fresh sanctions were also recently announced.

Fintech / Regtech

Korean Banks to Request Entry into Crypto Sector – Report

07/04/2022

A report will be submitted to the incoming president’s transition committee requesting that banks be allowed to engage in the crypto sector.

ESG / Sustainability

JPX, QUICK Corp Publish Explanations on ESG Issues

07/04/2022

The document provides guidance on the issues facing Japanese companies when it comes to ESG disclosures.

Capital / Liquidity

APRA to Align Definition of SFI Across Prudential Standards

06/04/2022

Under the changes, foreign-owned ADIs will only be considered a ‘significant financial institution’ for capital adequacy purposes if they are large or complex.

Fintech / Regtech

OJK Launches New Integrated Data Analytics System

06/04/2022

‘OSIDA’ leverages data analytics and artificial intelligence to process and analyse large datasets reported by banks to detect risk.

ESG / Sustainability

Malaysia EPF Establishes Sustainable Investment Policy

06/04/2022

The EPF is Malaysia’s largest institutional investor and pension fund. The policy will guide it in integrating ESG considerations in its investment processes.