MAS to Enhance Disclosures Provided to Mortgage Borrowers

19/11/2021

MAS proposes to enhance the disclosures regarding possible interest rate changes, while also allowing for borrower acknowledgements to be obtained digitally.

Market Infrastructure

CPMI Proposes to Extend & Align RTGS Operating Hours

19/11/2021

CPMI proposes to align RTGS operating hours so they can be used for cheaper, faster, and safer cross-border payments.

Capital / Liquidity

RBI Seeks Industry Alignment of Loan Classification Norms

18/11/2021

The RBI has clarified and harmonised its guidelines onincome recognition, asset classification, and provisioning practices to ensure uniformity across all lenders.

Capital / Liquidity

BOJ Revises Incentive Programme for Regional Banks

18/11/2021

The BOJ is amending the limits on the interest it pays under its programme to revitalise regional banks, announced last November.

Enforcement

Korea FSS Orders KakaoBank to Bolster AML Controls

18/11/2021

The FSS said KakaoBank’s weak monitoring has resulted in the lender’s failure to flag suspicious overseas money transfers on several instances.

CBIRC Green-lights Full Foreign Ownership of Allianz Unit

17/11/2021

Allianz China Life Insurance will become the first wholly foreign-owned life insurance company in China developed from a joint venture.

Securities / Derivatives

Eurex to Expand KRX Link to Include KOSPI Weekly Options

16/11/2021

Investors will gain the ability to trade KOSPI 200 options with weekly expiries outside Korean trading hours, providing greater flexibility and risk management precision.

Market Infrastructure

SBTi to Define Net Zero Standard for Financial Institutions

16/11/2021

SBTi identifies three approaches to net-zero definitions for FIs. It plans to define a standard for FIs to use in target-setting and performance-tracking.

Capital / Liquidity

BCBS Consults on Principles for Banks’ Management of Climate Risks

16/11/2021

The principles offer guidance for banks on corporate governance, internal control frameworks, risk management, risk reporting, and scenario analysis, among other areas.