Capital / Liquidity

BOE’s Woods Proposes Simplified Bank Capital Framework

28/04/2022

The hypothetical framework would replace the current set of buffers with a “single, releasable buffer of common equity”, sitting on top of a low minimum requirement.

ESG / Sustainability

Malaysia Advances Work on Financial Sector Sustainability

28/04/2022

A new report was released assessing current sustainability practices at FIs. Work has commenced to develop a climate disclosure guide for businesses.

Enforcement

US Authorities File Charges Against Archegos, Key Executives

28/04/2022

The DOJ, CFTC and SEC charged Archegos and four of its executives for defrauding banks and brokers and manipulating the prices of publicly traded securities.

AML / KYC

ICMA Issues Guidance on Repo Trades Impacted by Sanctions

27/04/2022

ICMA provides guidance on handling situations where counterparties may fail to deliver collateral securities due to the imposition of sanctions.

AML / KYC

FIs Must Continue to Innovate Approach to AML: HKMA

27/04/2022

Executive director Carmen Chu says work is underway to update HKMA’s guidance on name screening, transaction monitoring and suspicious transaction reporting.

Capital / Liquidity

Industry Bodies Call on BCBS to Revisit SA-CCR Standard

26/04/2022

The SA-CCR framework, having been finalised in 2014, does not adequately reflect structural changes in the derivatives market and the overall regulatory framework.

Trust in Singapore Banking Industry is Increasing: ABS

26/04/2022

ABS highlighted banks’ efforts to improve complaints handling, tackle digital scams, and enhance accountability, conduct and culture.

AML / KYC

RBI Expands LEI Requirements for Corporate Borrowers

26/04/2022

The RBI has prescribed timelines for borrowers with exposure of INR 50 million to obtain an LEI, including customers of NBFCs and UCBs.

Enforcement

MAS Consults on Revised Misconduct Reporting Requirements

24/04/2022

Misconduct reports will have to be submitted to MAS within 21 calendar days after an FI has found reasonable grounds to believe that misconduct has been committed.