Cybersecurity

HKMA Launches Knowledge Hub to Promote RegTech Adoption

26/04/2022

The Hub’s launch is accompanied by videos featuring regtech solutions from HSBC, Citibank, iFinHealth, Ping An OneConnect Bank and ASTRI.

Capital Adequacy

HK to Implement Capital Standard for Banks’ Fund Exposures

26/04/2022

The capital standard for banks’ equity investments in funds is expected to come into operation in Hong Kong on 1 July 2022.

Conduct, Culture & Accountability

Singapore: New Guidance Issued on Enhancing Insurer Service Quality

26/04/2022

Singapore’s Insurance Culture and Conduct Steering Committee published a third paper offering guidance on improving conduct and culture in the insurance ecosystem.

Trading & Investment

SFC Proposes Amendments to Position Limit Regime

26/04/2022

The proposals will expand the list of futures and options contracts for which the SFC may prescribe position limits.

Fraud, Scams & Cybercrime

BSP Directs FIs to Implement Controls Against Cyber Fraud

26/04/2022

The recommended control measures include the removal of clickable links in emails and SMS and customer notifications for fund transfers and contact information changes.

Emerging Prudential Risks

FSB Proposes Policy Measures to Address EM Vulnerabilities

26/04/2022

The proposals seek to reduce vulnerabilities from foreign currency borrowing, including by exploring ways to reduce the “mechanistic use of credit ratings” by index providers.

PEPs & Sanctions

AMLC Philippines Launches Review of Sanctions Screening Practices

26/04/2022

The AMLC has partnered with AML Analytics as its testing and validation partner to conduct a thematic review of customer- and transaction-screening systems at FIs and DNFBPs.

Liquidity Risk

PBOC Lowers Forex Reserve Requirement for Banks

26/04/2022

The move is aimed at slowing the depreciation of the yuan, which has recently fallen to a one-year low against the dollar.

CBDCs

BIS, Bank Indonesia Invite Firms to Solve CBDC Challenges

26/04/2022

Firms are invited to develop new solutions for issuing and distributing CBDCs, improve interoperability and advance financial inclusion.