Market Risk

Chinese Banks Start to Restrict FX Services Amid Risk Concerns

07/09/2021

State-owned lender Huaxia Bank has restricted some of its FX services amid regulatory concerns over yuan volatility.

Conduct, Culture & Accountability

ASIC Issues Final Guidance on Breach Reporting Obligations

07/09/2021

Licensees should have in place clear, well-understood and documented processes for identifying, recording, assessing, escalating and reporting breaches.

Emerging Prudential Risks

S. Korea: New FSC, FSS Chiefs to Rebuild Cooperative Relations

07/09/2021

The new chiefs of the FSC and FSS held their first official meeting since taking office. They pledged to unite on issues such as household debt and Covid-19.

Trading & Investment

Hainan to Pilot Cross-Border Asset Management Trials

06/09/2021

Hainan’s also plans also launch QFLP and QDLP trials and enhanced currency convertibility to facilitate cross-border trade and investment.

Cryptocurrency

WEF Paper Calls for Balanced Approach to Crypto Regulation

06/09/2021

Rather than banning cryptocurrencies, regulators are urged to collaborate to create regulatory clarity, close loopholes and mitigate regulatory arbitrage.

Capital Adequacy

APRA Issues Response on Bank Data Disclosure Regime

04/09/2021

APRA will disclose entity-level financial position and performance data on a quarterly basis in a new publication that will launch in Q1 2023.

Conduct, Culture & Accountability

ASIC Offer Guidance on New Complaints Handling Obligations

03/09/2021

ASIC says more work is needed from superannuation trustees to comply with new internal dispute resolution standards that become enforceable in October.

Trading & Investment

HKEX Identifies Compliance Deficiencies by Exchange Participants

03/09/2021

In a new bulletin, HKEX offers guidance on compliance with LOP reporting, client margin and block trade order execution requirements.

CBDCs

BIS, Four Central Banks Partner to Test Cross-Border CBDC Use

03/09/2021

The BIS Innovation Hub Singapore Centre will test CBDCs for international settlements with the RBA, MAS, BNM and SARB.