Sustainable Finance

BSP Approves New Incentives to Promote Sustainable Finance

19/12/2023

The measures include extra lending capability and a reduced reserve requirement rate on sustainable bonds issued by banks.

Operational Risk

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.

Structural Regulation

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.

Anti-Money Laundering

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.

Anti-Bribery & Corruption

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.

Fraud, Scams & Cybercrime

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.

Structural Regulation

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.

Reporting & Disclosures

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.

Market Risk

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.