Capital / Liquidity

BNM Finalises Capital Rules for Operational Risk, CCP Exposures

18/12/2023

BNM consulted on the new requirements late last year. The new requirements will take effect on 1 January 2025.

Securities / Derivatives

SC Malaysia Simplifies Process for ACE-to-Main Market Transfers

14/12/2023

The new transfer process will incentivise ACE Market companies to improve corporate value and achieve sustainable growth.

AML / KYC

RBNZ Issues Formal AML/CFT Warning to Citibank

14/12/2023

Citibank NZ failed to pass on the identities of the originators of 64,000 wire transfers between 2017 and 2022.

Enforcement

SFC Bans Ex Employee of OCBC Wing Hang Bank

13/12/2023

The employee was earlier convicted for offering a colleague a bribe to refer mortgage refinancing clients to an external party.

AML / KYC

CBA, Vodafone Announce Scam Intelligence Sharing Partnership

13/12/2023

CBA and Vodafone are sharing intelligence on SMS scams to help disrupt, detect and block fraudulent payments.

Fintech / Regtech

BSP Extends Moratorium on New E-Money Licences

13/12/2023

The BSP has extended its moratorium on applications for new non-bank e-money issuers until 15 December 2024.

ESG / Sustainability

ACCC Issues Finalised Guidance on Greenwashing

13/12/2023

The guidance comprises eight principles to help businesses ensure their environmental and sustainability claims comply with the law.

Capital / Liquidity

APRA Advances Proposals on Interest Rate Risk Management

13/12/2023

APRA updated its revisions to APS 117 based on consultative feedback and is now consulting on changes that are relevant to smaller banks.

Enforcement

Australia to Increase Tax Practitioners Board’s Enforcement Powers

12/12/2023

New consultations propose to strengthen the Tax Practitioners Board’s sanctions regime and expand its Code of Professional Conduct.