Capital / Liquidity

BCBS Publishes Latest Basel III Monitoring Report

30/09/2021

Seven Group 1 banks had an LCR below 100%, reflecting the use of LCR reserves during the Covid-19 pandemic, as intended by the framework, the report says.

AML / KYC

US DOJ Links Singapore, Hong Kong to Tax Evasion Case

30/09/2021

An unsealed indictment shows that six individuals and a Swiss firm used accounts in Singapore and Hong Kong to help US clients evade taxes from 2009 to 2014.

Enforcement

CSRC Issues Draft Rules Promoting ‘Honest’ Investment Banking

30/09/2021

The draft rules require investment banking intermediaries to strengthen risk control and strictly prohibit the use of below-market pricing to win business.

Securities / Derivatives

SEBI Updates Risk Management Framework for Mutual Funds, AMCs

30/09/2021

Mutual funds and AMCs will be required to maintain mandatory metrics on investment risk, liquidity risk and credit risk, and perform stress tests at least monthly.

Securities / Derivatives

APRA Revises Investment Governance Standards for Super Funds

29/09/2021

A new consultation proposes enhancements to stress testing, valuation and liquidity management practices that will take effect from 1 January 2023.

AML / KYC

Hong Kong Sees Spike in Investment Scam Losses – Report

29/09/2021

Victims lost HKD 2.5 billion from investment scams between January and July, a 20-fold increase compared to the same period last year.

Market Infrastructure

RBA Issues Recommendations to Address Risk Issues at ASX

29/09/2021

The RBA has asked ASX to address operational risk and governance issues, as well as develop a framework to address margin procyclicality.

Enforcement

Ex-CBIRC Official Took Bribes During Baoshang Takeover – Report

29/09/2021

Li Guorong is accused of taking bribes from entrepreneurs while serving as deputy head of a team appointed to take over Baoshang Bank.

CBIRC Urges Mainland Insurers to Issue Cat Bonds in HK

29/09/2021

The issuance of catastrophe bonds in Hong Kong can help diversify Mainland insurers’ losses from natural disasters and enhance the risk-sharing mechanism.