Credit Risk

BSP Offers Incentives for Early Use of New Standard Loan Form

16/01/2024

Lenders that adopt the new loan application form ahead of mandatory adoption will receive a reduction in the annual supervisory fee for 2024 and 2025.

Market Risk

SFC Defers Margin Requirements for Non-Centrally Cleared Equity Options

16/01/2024

The SFC is delaying margin requirements for non-centrally cleared equity options to align with the UK and EU’s timelines.

Trading & Investment

HKEX Holiday Trading to Include Currency Futures, Options from 29 March

16/01/2024

HKEX will include currency futures and options in derivatives holiday trading starting from 29 March 2024.

Market Abuse

US SEC, DOJ Settle Morgan Stanley Block Trading Probe

15/01/2024

Morgan Stanley agreed to pay more than USD 249 million to settle fraud charges and for failing to enforce information barriers.

Reporting & Disclosures

Australia Proposes Legislation to Introduce Climate Reporting Reforms

15/01/2024

The commencement date for the largest entities to file sustainability reports based on standards issued by the AASB is 1 July 2024.

Anti-Money Laundering

SC Malaysia Charges Three for Money Laundering Offences

15/01/2024

The three individuals face a combined 28 money laundering charges over illegal proceeds totalling MYR 283.5 million.

Conduct, Culture & Accountability

IA, HKMA Take Joint Enforcement Action Against Insurance Agent

12/01/2024

The agent was suspended and fined for keeping gift vouchers that were intended to be given to clients as gifts.

Payments & Settlements

BSP Grants Direct PhilPaSSplus Access to First Nonbank EMI

12/01/2024

OmniPay’s direct access to PhilPaSSplus allows it to make efficient and low-risk funds transfers using central bank rails.

Trading & Investment

HKEX to Support More Mainland Firms to List in Hong Kong

11/01/2024

Under the MoU, HKEX will support Xi’an-based companies that are interested in seeking a listing in Hong Kong.