Emerging Prudential Risks

BCBS Consults on Principles for Banks’ Management of Climate Risks

16/11/2021

The principles offer guidance for banks on corporate governance, internal control frameworks, risk management, risk reporting, and scenario analysis, among other areas.

Trading & Investment

IOSCO to Update Regulatory Principles for Commodity Derivatives

16/11/2021

IOSCO says market authorities should establish a code of conduct for data providers, have a process to respond to unexpected disruptions, and analyse HFT and algo trading impacts.

Cybersecurity

FSS Korea Fines Naver Financial for Data Security Failures

16/11/2021

The FSS fined Naver Financial and issued warnings against three executives for exposing its office intranet to external risks.

Payments & Settlements

BSP Pursues Cross Border Payment Links with Malaysia, Thailand

16/11/2021

The BSP has been in dialogue with ASEAN central banks including MAS, BNM and BOT to make cross-border payment flows cheaper and more seamless.

Fraud, Scams & Cybercrime

Korea FSS Punishes 3 Brokerages Over Lime Asset Mis-selling

16/11/2021

Shinhan Investment and KB Securities were ordered to suspend parts of their operations for six months. Daishin Securities was ordered to close a branch.

Cryptocurrency

Taiwan Formally Designates FSC as Crypto Industry Supervisor

16/11/2021

Cryptocurrency businesses will be listed under the category of “finance, insurance and real estate” and STOs will be listed under the securities firms subcategory.

Reporting & Disclosures

Australia Finalises Rules on Super Fund Portfolio Disclosures

15/11/2021

Morningstar has expressed concern that the rules do not require super funds to disclose specific stocks or bonds held in portfolios run by external asset managers.

Trading & Investment

Chinese Power Companies Issue First ‘Energy Guarantee Bonds’

15/11/2021

Industrial Bank underwrote two ‘energy guarantee bonds’ worth a total CNY 4 billion, the proceeds of which will be used to help address power shortages.

Trading & Investment

TSE RFQ platform for ETFs Reaches New Milestone

15/11/2021

The Tokyo Stock Exchange said it plans to continue to update and improve the CONNEQTOR platform by enabling a larger variety of trading methods.