Capital / Liquidity

FSB Work Plan to Focus on Addressing Covid Vulnerabilities

26/02/2021

The FSB says it will produce an assessment of initial lessons learned from the pandemic and a report on the factors needed for an orderly unwinding of support measures.

ESG / Sustainability

SGX, OneConnect Partner to Develop ESG Reporting Platform

26/02/2021

The platform will help SGX listed companies to efficiently manage their sustainability disclosures, make them more transparent, and improve overall ESG performance in the long run.

Capital / Liquidity

Thailand to Introduce IFRS 9 Equivalent Standards for SFIs

25/02/2021

The BOT has conducted a public hearing on accounting standards for specialised financial institutions, which are tasked with serving government policies.

Enforcement

SFC, FRC to Enhance Regulatory Cooperation in Capital Markets

25/02/2021

Collaboration will be key to combat persistent problems with false or misleading financial statements and other corporate misconduct, said SFC Chairman Tim Lui.

Australia Launches Review of AFCA’s Functions, Performance

25/02/2021

The Treasury will ascertain whether AFCA is operating effectively and achieving its objectives, and whether there is a need for a mechanism for reviewing the substance of its decisions.

Market Infrastructure

DTCC Proposes Move to T+1 in US Markets by Mid-2023

25/02/2021

In a new paper, DTCC outlines plans to modernise post-trade processes and facilitate an industry-wide shift to T+1 settlement in the equities market.

Enforcement

MAS Bans Former Insurance Broker for Dishonest Conduct

25/02/2021

The former insurance broker was banned for unauthorised selling of general insurance when he was only licensed to sell life policies.

Fintech / Regtech

OJK Indonesia Urges Rural Banks to Digitalise Operations

25/02/2021

Efforts to digitalise are aimed at improving financial inclusion for ‘micro-entrepreneurs’ and other members of the unbanked or underbanked population in Indonesia.

Capital / Liquidity

Philippine SEC Issues Implementing Rules for ‘Bad Bank’ Law

25/02/2021

The implementing rules cover the creation of so-called ‘FIST corporations’, as well as the processes they will use to acquire, transfer and manage non-performing assets.