RBNZ Abruptly Announces End to Quantitative Easing

15/07/2021

The bond-buying programme was originally scheduled to run until June 2022. The RBNZ says the programme is no longer necessary for monetary policy purposes.

Enforcement

RBI Imposes Restrictions on Mastercard Over Data Storage

15/07/2021

The action may hamper the ability of private banks to issue new cards to customers in the near term due to their exclusive tie-ups with Mastercard.

Capital / Liquidity

APRA Proposes Banks Maintain Higher Self-securitised Assets

15/07/2021

APRA proposes that banks maintain at least 30 percent of their LCR Net Cash Outflows in self-securitised assets, separate from that used as collateral for the CLF.

Securities / Derivatives

RBI Issues Guidelines on Retail Access to Government Securities

14/07/2021

Retail investors will be able to open an account directly with the central bank to gain access to primary issuance and secondary trading in government securities.

Market Infrastructure

TAIFEX to Launch Central Clearing for OTC Derivatives in June 2022

14/07/2021

FSC chairman Huang Tien-mu said it is “imperative” to establish central clearing for OTC derivatives as soon as possible.

AML / KYC

Korea to Require Overseas Crypto Exchanges to Register with KoFIU

14/07/2021

Cryptocurrency exchanges based outside Korea would be required to register with KoFIU if they use the Korean won for settlement.

AML / KYC

New Zealand to Update AML/CFT Regulations

14/07/2021

Reporting entities will have to conduct customer due diligence on nominee directors and nominee general partners of companies, among other changes.

Capital / Liquidity

New Standard Published to Assess Islamic Deposit Insurance Systems

14/07/2021

The IADI and IFSB have developed a set of core principles that can be used to develop and assess the effectiveness of Islamic deposit insurance systems.

AML / KYC

Malaysia Files Suit Against KPMG Partners Over 1MDB Losses

13/07/2021

The Malaysian government and 1MDB filed a $5.64bn lawsuit against 44 current and former KPMG partners over the firm’s audits of 1MDB’s financial statements.