Conduct, Culture & Accountability

MAS Raises Corporate Governance Expectations for FIs

12/11/2021

New expectations on corporate governance will start to take effect from 1 January 2022, MAS says in its consultation response.

Data Privacy

Australia to Strengthen Privacy Regime Through New Legislation

11/11/2021

The draft bill will introduce tougher penalties and enforcement powers to enable the OAIC to resolve matters more effectively and efficiently.

KYC & CDD

Wolfsberg Group Endorses ISO 20022 Screening Guidelines

11/11/2021

Wolfsberg Group says the adoption of ISO 20022 enables improved adherence to the group’s own ‘Payments Transparency Principles’.

Payments & Settlements

Bank Indonesia Set to Launch Faster Payment System

11/11/2021

‘BI-Fast’ will enable real-time payments 24/7 for retail customers, and will also be used in cross-border payments in future.

Trading & Investment

JPX Introduces New Education Tool for Retail Investors

09/11/2021

The J-Quants project is aimed at providing a platform to help individuals learn about data-driven portfolio analysis and investment methods

Cloud & Infrastructure

MAS Unveils Planned Enhancements to Fintech Regulatory Sandbox

09/11/2021

From 1 January 2022, ‘Sandbox Plus’ will be introduced to provide more effective one-stop assistance to innovative fintech firms.

Reporting & Disclosures

Japan FSA Reaffirms Commitment to Sustainable Finance Strategy

09/11/2021

The strategy highlights efforts to enhance disclosures, develop green bond markets, and ensure FIs manage climate risk and support borrowers.

Conduct, Culture & Accountability

Hong Kong FRC Continues to Find Auditing Irregularities

09/11/2021

The most common auditing irregularities involved failures to perform engagement quality control reviews adequately, and to obtain sufficient audit evidence.

Resolution & Recovery

HKMA Finalises Guidance on Implementing OCIR Arrangements

08/11/2021

In a new chapter of its code of practice, the HKMA sets out its expectations on the arrangements banks must have in place to maintain operational continuity in resolution.