Capital / Liquidity

Federal Reserve to Lift Dividend Restrictions from 30 June

28/03/2021

If a bank remains above all of its minimum risk-based capital requirements in this year’s stress test, the restrictions will end after 30 June.

ESG / Sustainability

BOJ Considers Regulatory Changes to Address Climate Risk

28/03/2021

The BOJ is engaged in active dialogue with FIs on climate-related financial risks, with a view to formulating evidence-based revisions to financial regulations.

AML / KYC

MAS Offers New AML/CFT Guidance for VASPs

28/03/2021

MAS has identified several VASPs that have not come forward for licensing despite operating in Singapore or soliciting business from Singapore residents.

Capital / Liquidity

MAS Consults on Credit Risk Capital Requirements, Output Floor

28/03/2021

MAS is seeking feedback on draft standards relating to credit risk capital and output floor requirements which will start to take effect from 1 January 2023.

Fintech / Regtech

HKMA Launches Regtech Challenge to Address Banking Pain Points

26/03/2021

The HKMA invites Regtech providers to showcase solutions to help Hong Kong banks solve common risk management and regulatory compliance pain points.

AML / KYC

US Sanctions Holding Companies Backing Myanmar Military

26/03/2021

The new sanctions target the Myanmar military’s control of significant segments of the country’s economy, which is a vital financial lifeline for the military junta.

Fintech / Regtech

BIS, SWIFT Announce Winners of ISO 20022 Hackathon

25/03/2021

The winners were Atomic Wire, Mojaloop, Virtusa and AWS for solutions that help to enhance cross-border payments using ISO 20022 and APIs.

Market Infrastructure

BOT Issues First Floating Rate Bonds Based on THOR

25/03/2021

Investor interest was stronger than expected, with subscriptions amounting to more than four times the proposed issue size.

Securities / Derivatives

APRA Completes Superannuation Data Transformation Phase One

25/03/2021

Most of the new data will be submitted from September 2021, however trustees will be allowed to defer submission of some less critical data for one year.