Market Infrastructure

APRA Publishes Findings From Big Banks’ BEAR Implementation Review

11/12/2020

CBA had the most developed approach to implement the BEAR, benefitting from the execution of its remedial action plan associated with the Prudential Inquiry.

Capital / Liquidity

APRA Lowers Allianz Capital Charge to Reflect Better Risk Governance

10/12/2020

In recognition of progress to address risk governance issues, APRA has reduced Allianz’s additional capital requirement from A$250mn to A$150mn.

Capital / Liquidity

APRA Finalises Updates to Bank Liquidity Reporting Rules

10/12/2020

APRA has extended the due dates for a number of quarterly reporting forms by 7 calendar days, in line with a November 2019 consultation.

Big Picture

APAC Overtook US in AML Penalties For 2020: Fenergo

10/12/2020

APAC has overtaken the US in terms of the value of enforcement actions for the first time since 2015, largely due to the Goldman and Westpac cases.

Capital / Liquidity

Big Banks Were Progressing on Basel III Agenda Prior to Covid

10/12/2020

Under full phase-in of the final Basel III standards, the capital shortfalls at Group 1 banks were €10.7bn based on end-December 2019 data, compared with €16.6bn at end-June 2019.

Fintech / Regtech

Philippines: UnionBank, StanChart Complete Bond Tokenisation POC

10/12/2020

A dual tranche issuance totalling PHP 9 billion was mirrored on a bond tokenisation platform co-created by UnionBank and SC Ventures.

Securities / Derivatives

ICMA Announces Launch of Climate Transition Finance Handbook

10/12/2020

The handbook provides clear guidelines on the disclosures on their climate change strategy issuers should make when raising funds in debt capital markets.

AML / KYC

Global LEI Foundation to Develop ‘Cryptographically Verifiable LEIs’

10/12/2020

The ‘vLEI’ will create a cryptographically secure chain of trust that replaces manual processes required to access and confirm an entity’s LEI data.

Capital / Liquidity

APRA’s Revised Capital Rules Could Promote Competition: Fitch

10/12/2020

The proposals could improve the competitive position of standardised banks relative to advanced banks, particularly in relation to residential mortgage portfolios.