The FSB says it plans to consult on new guidance on evaluating the adequacy of a CCP’s resolution resources, and challenges still remain on aspects of G-SIB resolvability.
APAC’s data intensive regulatory environment is making it increasingly important for banks to adopt a strategic data framework, say Swati Kothari and Jackielou Imperial at Wolters Kluwer.
The global framework comprises an enhanced set of supervisory policy measures and powers of intervention, along with an annual IAIS global monitoring exercise.
ASIC is offering guidance to help companies and implement whistleblower policies. It will be a legal requirement to have a policy in place from 1 January.
French central bank establishes first Asian office in Singapore to enhance financial market cooperation; Canadian securities authorities pledge information exchange and fintech access.
The Association of Banks in Singapore is trying to increase the convenience of peer-to-peer funds transfer service PayNow and make it "the ubiquitous payment mode in Singapore".
Our goal is to be a leading centre for green finance in Asia and globally, said Singapore Minister for Education Ong Ye Kung at Singapore Fintech Festival x SWITCH 2019.
The prototype network, developed by MAS in collaboration with JP Morgan and Temasek, will provide interfaces for other blockchain networks to connect and integrate seamlessly.
APRA has observed areas of common weakness, such as poor cyber hygiene, the lack of a comprehensive security patching regime and poor access management practices.
A new BNM policy document sets out expectations for financial firms to prioritise the interests of financial consumers and effectively manage conduct risks.