Credit Risk

RBNZ to Add Debt-to-income Limits to Policy Toolkit

17/06/2021

DTI limits will reduce the likelihood of mortgage defaults, the RBNZ said, expressing concerns that rising housing prices may present financial stability risks.

CBDCs

AFIN, R3 Partner to Launch CBDC Sandbox on APIX Platform

16/06/2021

MAS’ Sopnendu Mohanty says the collaboration will enable the global fintech ecosystem to better understand financial innovations around digital currencies.

Anti-Money Laundering

PNG’s BSP Financial Group Faces Possible AML Penalties

16/06/2021

Australia’s CBA and NAB are reportedly under scrutiny as they provided correspondent banking services to BSP Financial Group.

Anti-Money Laundering

SEC Orders Finance, Lending Companies to Submit AML Plans

16/06/2021

All financing and lending companies have until 21 June to submit plans for implementing a comprehensive and risk-based AML/CFT programme.

Operational Risk

RBI Requires HFCs to Enhance Internal Audit Systems

16/06/2021

All deposit-taking HFCs irrespective of size, and non-deposit-taking HFCs with at least INR 50 billion in assets, have to put in place an RBIA framework.

Anti-Money Laundering

RUSI Calls On FATF to Devise Financial Inclusion Strategy

15/06/2021

Little concrete work has been done by the FATF so far to actively promote financial inclusion as part of its primary integrity mandate.

Sustainable Finance

SGX, Nasdaq Partner to Enhance ESG Visibility of APAC Issuers

15/06/2021

The addition of SGX data to Nasdaq’s sustainable bond network will enhance transparency of green, social and sustainability bonds in Asia Pacific.

Clearing & Post-Trade

KRX to Launch Trade Compression Services This Year

15/06/2021

KRX has amended its OTC derivatives clearing and settlement rules to provide the legal basis for the introduction of trade compression services.

Structural Regulation

CSRC Approves Launch of Daiwa Securities Joint Venture

15/06/2021

Daiwa Securities (China) Co will be able to provide brokerage and securities underwriting services. Operations will commence soon.