Emerging Prudential Risks

BOJ Extends Covid-19 Support Measures Until March 2022

22/06/2021

The BOJ also said it will introduce a new programme to support investment and loans made by FIs to address climate change issues.

Fraud, Scams & Cybercrime

Australian Police to Establish Ransomware Taskforce

22/06/2021

The new taskforce will enable the Australian police to have a more unified approach to pursue ransomware attackers.

Tokenisation

Indian Banks to Develop Blockchain System for LCs

21/06/2021

The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.

Anti-Money Laundering

Philippine SEC Backs Amendments to Bank Secrecy Law

21/06/2021

Bank secrecy has prevented the SEC from validating information and establishing the owners of bank accounts linked to securities violations.

Credit Risk

Bursa Malaysia Offers Additional Relief to Listed Issuers

18/06/2021

Relief is provided to listed issuers with unsatisfactory financial conditions or an inadequate level of operations between 1 July 2021 and 31 December 2021.

Anti-Money Laundering

NAB Contract Workers Received Little AML Training: Report

17/06/2021

The revelation comes follows AUSTRAC’s launch of a formal enforcement investigation into NAB earlier this month.

Structural Regulation

BSP to Issue Strict Regulations On ‘Digital Bank’ Branding

17/06/2021

Banks that do not meet specified conditions are prohibited from marketing themselves as digital banks, the BSP said in a circular.

Trading & Investment

Vietnam: HoSE Commences Trials on New Trading System

17/06/2021

HoSE has commenced connection trials with securities firms and intends to start functional trials from 26 July.

Conduct, Culture & Accountability

ASIC Sues Austal Over Breach of Continuous Disclosure Obligations

16/06/2021

Major shipbuilder Austal breached its continuous disclosure obligations in 2016 by failing to disclose a material change in its prior earnings guidance, ASIC says.