MARKET INFRASTRUCTURE

Market Infrastructure

China’s Rules on Cybersecurity Reviews to Take Effect in Mid-Feb

By Manesh Samtani | 06/01/2022

The final rules, proposed in July, require companies holding personal data of more than one million users to undergo a cybersecurity review before they can list overseas.

Market Infrastructure

RBI Issues New Framework on Offline Digital Payments

By Mark Johnston | 05/01/2022

Offline digital payments are expected to benefit areas with weak internet or telecom connectivity, particularly semi-urban and rural areas.

Market Infrastructure

PBOC Issues Guidelines to Enhance Macroprudential Policy Framework

By Mark Johnston | 05/01/2022

The macroprudential policy toolbox will include measures that can be used to adjust the banks’ required capital and liquidity levels or assign new risk weights to specific sectors.

Market Infrastructure

PBOC, SAFE Call on Banks to Facilitate Offshore Trade

By Editors | 05/01/2022

A new notice encouraging banks to support the development of new models of international trade comes just as RCEP took effect on 1 January 2022.

Enforcement

Mizuho Bank Reports 9th System Failure for 2021

By Editors | 04/01/2022

The failure was attributable to an error in Mizuho’s system settings for transactions occurring at night and on holidays, impacting ATM and online banking operations.

Capital / Liquidity

HKMA Unveils Results of Climate Risk Stress Tests

By Manesh Samtani | 03/01/2022

The HKMA has also finalised its guidance on climate risk management, giving banks until end-2022 to implement the new measures.

Market Infrastructure

Sri Lanka Takes Step Forward on CCP Establishment

By Duruthu E Chandrasekera | 03/01/2022

A newly-formed committee will identify the CCP’s operating model and propose the necessary procedures for its establishment, including procurement.

Market Infrastructure

BNM Revises Regulatory Framework for Money Services Businesses

By Mark Johnston | 03/01/2022

The draft rules cover governance arrangements, operational requirements, risk management and internal controls, and IT requirements.

ESG / Sustainability

Malaysia, Thailand Launch Phase 2 of QR Payments Linkage

By Editors | 02/01/2022

Cross-border instant QR payments are now available for travellers between Malaysia and Thailand, including for online e-commerce transactions.