Crypto / Digital Assets

SFC, HKPF Form Dedicated Working Group on VATPs

05/10/2023

The working group will facilitate information sharing and collaboration on monitoring and investigations involving crypto platforms.

Capital / Liquidity

BNM Consults on Draft Rules for Islamic Collateralised Funding

04/10/2023

The draft policy document sets out the scope of transactions that can be conducted by a banking institution participating in the Islamic interbank money market.

AML / KYC

MAS Sheds Light on Use of AI in Supervisory Activities

04/10/2023

MAS is using AI tools to identify market collusion, manipulation, mis-selling by financial advisers, and networks of suspicious activity in Singapore’s financial system.

Capital / Liquidity

FDIC Proposes Enhanced Corporate Governance Guidelines for Banks

04/10/2023

The guidelines will be applicable to insured depository institutions with consolidated assets of USD 10 billion or more.

Enforcement

ASIC Sues Cigno, BSF Solutions Over Unlicensed Credit Offerings

04/10/2023

Cigno Australia and BSF Solutions used a credit model that subjected some consumers to fees of more than 600% of their total loan amount.

Securities / Derivatives

Philippine Stock Exchange Issues Final Short Selling Guidelines

04/10/2023

The PSE said the SEC and BIR approved critical components of SBL transactions. A separate announcement will be made about the official launch date.

ESG / Sustainability

NZ FMA Issues Record Keeping Guidance for Climate Disclosures Regime

04/10/2023

The guidance sets out principles for firms to ensure their records evidence that climate statements comply with the CRD requirements.

Capital / Liquidity

RBNZ Finalises Decision to Implement Dual Reporting for IRB Banks

04/10/2023

Dual reporting is intended to show how the use of internal models affects a bank’s RWA outcomes compared to using the standardised approach.

Market Infrastructure

APRA, ASIC Publish New Guidance for Financial Accountability Regime

03/10/2023

The new information package includes guidance for banks on transitioning to the FAR, including a template for producing accountability statements.