Singapore will block certain Russian banks and financial transactions connected to Russia. Major Singapore banks are already restricting trade financing for Russian commodities.
The RBA will adjust the way it sets interest rates for repo transactions with banks and shorten the maximum tenor to four weeks.
13 super funds failed APRA's inaugural MySuper Product Performance Test last August. The worst performer, Maritime Super, is in talks to merge with industry fund Hostplus.
The US is targeting all ten of Russia’s largest financial institutions. Russian access to most major markets has been restricted.
Rather than sell bonds back into the secondary market, the RBNZ will sell them to the Treasury at a pace of NZD 5 billion each fiscal year.
The RBNZ plans to bring dual reporting requirements into effect from 1 July 2022, requiring IRB banks to also disclose RWA outcomes based on the standardised approach.
Aware Financial Services Australia charged over 25,000 customers over AUD 50 million in fees for financial services it did not provide.
APRA wants regulated entities to give compliance risk management the same attention they give to cyber risk, operational risk management and other risk classes.
The draft guidance explains source of funds and source of wealth checks, and when reporting entities should perform such checks using a risk-based approach.
APRA plans to start publishing new aggregate industry, fund-level and product-level statistics on superannuation from June.
Loading more posts...
Sorry, no more posts
No more pages to load