Credit Risk

RBNZ Proposes to Ease Mortgage Lending Restrictions

27/04/2023

The RBNZ proposes to ease the existing LVR restrictions by 1 June as it now sees reduced risks to financial stability.

Reporting & Disclosures

ECB Urges Banks to Improve Climate Risk Disclosures

25/04/2023

The ECB is concerned that banks are not prepared for new climate and environmental risk disclosure standards that take effect mid-year.

PEPs & Sanctions

US Fines Seagate Over Hard Drive Shipments to Huawei

24/04/2023

Seagate was fined $300mn, the largest standalone administrative penalty in BIS history, for shipping hard drives to Huawei in violation of US export controls.

Fraud, Scams & Cybercrime

Taiwan Targets Misleading Online Financial Advertisements

23/04/2023

Meta is said to be addressing scams “more efficiently” than Google, after Taiwan regulators asked both to remove misleading financial ads from their platforms.

Trading & Investment

US SEC Issues Guidance on Providing Advice to Retail Investors

21/04/2023

Finance professionals should apply “heightened scrutiny” when recommending or advising on complex and risky products, such as crypto asset securities.

Sustainable Finance

MAS Launches Finance for Net Zero Action Plan

21/04/2023

The action plan includes a code of conduct for ESG ratings and data providers, grant schemes for transition bonds and loans, and ISSB-aligned disclosures.

Reporting & Disclosures

Malaysia SC Invites Firms to Review and Improve SRI Taxonomy

21/04/2023

Interested parties are asked to participate in the ongoing development of the SRI Taxonomy and propose ways to align it with the ASEAN Taxonomy.

CBDCs

HK CBDC May Be Developed on Permissioned Blockchain

21/04/2023

The HKMA has asked banks to “review and research and then propose” an implementation approach for the e-HKD.

Anti-Money Laundering

Australia Opens Consultation on ‘Tranche 2’ AML Reforms

21/04/2023

The proposed reforms will extend the AML/CTF regime to lawyers, accountants, trust and company service providers, real estate agents, and dealers in precious metals and stones.