ASIC Publishes Reference Checking Protocol & Guidance

22/07/2021

The protocol and guidance will help financial advisers and mortgage brokers comply with new reference checking and information sharing obligations.

Enforcement

Singapore: Three Individuals Charged for Insider Trading

22/07/2021

The former CFO of SGX-listed Broadway Industrial Group communicated insider information to two other individuals.

Market Infrastructure

ISDA Launches Microsite to Facilitate Understanding of IBOR Fallbacks

22/07/2021

The microsite provides information about adoption rates for the ISDA 2020 IBOR Fallbacks Protocol and graphs comparing LIBOR and fallback rates.

Securities / Derivatives

Bursa Malaysia Proposes Rule Changes to Enhance Board Quality

22/07/2021

Bursa Malaysia proposes to limit the tenure of independent directors and require listed issues to have in place a fit and proper policy.

Market Infrastructure

CPMI, IOSCO Identify Shortcomings in FMI Business Continuity Plans

22/07/2021

Some FMIs do not fully meet expectations with respect to recovery from operational incidents, such as natural disasters or IT systems outage.

Capital / Liquidity

BCBS to Amend Process for Reviewing G-SIB Methodology

21/07/2021

The BCBS plans to replace the existing three-year review cycle of the assessment methodology with a process of ongoing monitoring and review.

Capital / Liquidity

HKMA Revises Policy Manual on Bank Group Supervision

21/07/2021

The SPM module was revised to reflect the current supervisory approach and practices adopted by the HKMA and to incorporate international standards.

Capital / Liquidity

APRA Says Loan Deferrals Need Not be Treated as Arrears

20/07/2021

Banks will not need to treat the period of deferral being offered by banks to borrowers as a period of arrears or a loan restructuring.

AML / KYC

SFC Sanctions Sino-Rich Responsible Officers Over AML Breaches

20/07/2021

Sino-Rich Securities & Futures was fined for AML breaches in March. Its CEO and another director have been deemed responsible.