Enforcement

HKMA Penalises Four Banks for AML Violations

21/11/2021

ICBC (Asia), UBS, CCB (Asia) and CTBC Bank were fined a combined HK$44.2mn for deficiencies in customer monitoring, periodic reviews and due diligence.

Securities / Derivatives

SEBI Publishes Charter of Investor Rights in Securities Market

21/11/2021

The charter sets out the rights and responsibilities of investors, as well as some ‘dos and don’ts’ of investing in the securities market.

Securities / Derivatives

China Lifts Freeze on ABS Issuance by Property Developers

21/11/2021

Regulators reportedly plan to also relax restrictions on the size of new interbank bond issuance by “high quality” developers.

Fintech / Regtech

ASX Opens DLT-as-a-Service Platform for Production Use

21/11/2021

Synfini uses the same underlying technology as ASX’s replacement system for CHESS, but is offered as a cloud service to facilitate product innovation.

Capital / Liquidity

APRA to Require Banks to Maintain Surplus Self-securitised Assets

21/11/2021

Banks will have to hold 30 percent of their LCR net cash outflows in self-securitised assets as contingency for periods of stress.

Enforcement

Japan FSA to Issue New Orders to Mizuho Over System Glitches

21/11/2021

The FSA will issue a new business improvement order this month over Mizuho’s system glitches, one of which resulted in possible breaches of AML rules.

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.