Capital / Liquidity

RBI Exempts Foreign Sovereign Exposure from LEX Framework

27/02/2021

Exposures to foreign sovereigns or their central banks that are subject to a zero percent risk weight will be exempted from the large exposures framework.

Fintech / Regtech

FSC Korea Issues ‘MyData Services’ Guidelines Ahead of August Launch

27/02/2021

The guidelines require participating firms to ensure consumers have sufficient awareness of their privacy rights when consenting to data transfers.

Enforcement

ASIC Files Charges Against Allianz, AWP Over False Advertising

27/02/2021

Allianz faces a maximum penalty of A$8mn for each of seven charges for making false or misleading statements regarding the sale of travel insurance products.

Enforcement

ASIC Commences Legal Proceedings Against NAB Over Unlawful Fees

27/02/2021

ASIC says NAB charged some customers periodic payment fees when they were entitled to an exemption, and charged other customers the wrong fee.

Korea FSS to Issue New Risk Management Guidelines for Insurers

26/02/2021

South Korean insurers recorded a combined loss of KRW 194.4 billion from overseas alternative investments due to the pandemic.

Market Infrastructure

BOT to Issue First THOR-linked Floating Rate Bond in March

26/02/2021

Institutional investors such as commercial banks, mutual funds, and insurance companies will be allowed to participate in the auction.

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.