Payments & Settlements

Five ASEAN Central Banks Sign MoU on Payments Connectivity

15/11/2022

The MoU is the first that brings together multiple ASEAN central banks under a single multilateral agreement to enhance cross-border payments.

Credit Risk

PBOC, CBIRC Set Out Rescue Plan for Property Market

15/11/2022

The new measures are being hailed as a “turning point” for the property sector, which accounts for a quarter of China’s economy.

Credit Risk

RBNZ Proposes Rules for Imposing Mortgage Lending Limits

10/11/2022

The earliest date the RBNZ could implement DTI restrictions on residential mortgage lending is likely to be March 2024.

Sustainable Finance

NGFS Launches New Blended Finance Initiative

10/11/2022

The initiative, co-led by MAS and DNB, will result in a “Blended Finance Handbook” and “demonstrative projects”.

Trading & Investment

FIA Urges Careful Use of Circuit Breakers in Energy Markets

10/11/2022

FIA is supportive of using circuit breakers to manage disorderly markets but not as tools to control or cap prices.

Fraud, Scams & Cybercrime

ASIC Sets Out Enforcement Priorities for 2023

07/11/2022

ASIC will target greenwashing, predatory lending and crypto investment scams, along with other “enduring” priorities involving misconduct and systemic compliance failures by large FIs.

Clearing & Post-Trade

SGX RegCo Refines CDP Margining Framework & Clearing Fund

04/11/2022

Margin rates will be differentiated based on different risk profiles of securities. Margin offsets will be introduced to account for diversification effects. Anti-procyclicality measures will be enhanced.

CBDCs

MAS Launches New Initiative to Advance Cross-Border CBDC Work

04/11/2022

Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.

KYC & CDD

NZ DIA Updates CCD Guidance to Address Nominee Structures

01/11/2022

Reporting entities “must” take reasonable steps to verify the existence and name of any nominee director, shareholder or general partner at onboarding.