Market Infrastructure
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158“Good Progress” On OTC Reform Among G20 Nations – FSB
Garima Chitkara, Regulation Asia November 21, 2018The FSB found progress in OTC reform implementation on among 24 member jurisdictions, with great strides on trade reporting and higher capital on non-centrally cleared derivatives.
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166Some Aspects of Post-Crisis Reform Disincentivise Central Clearing
Manesh Samtani, Regulation Asia November 21, 2018A joint report from the FSB, BCBS, CPMI and IOSCO confirms earlier findings that some aspects of post-GFC reform may not incentivise central clearing of OTC derivatives.
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140RBI Agrees to Ease Bank Capital, Lending Norms Following Board Meeting
Garima Chitkara, Regulation Asia November 20, 2018The central bank also agreed to allow SMEs to restructure loans and extend the deadline for banks to comply with the capital conservation buffer by one year.
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179
FSB Urges More Progress on CCP Resolution Regimes
Editors, Regulation Asia November 20, 2018Progress to enhance the resolvability of SIFIs is advanced in the banking sector, but most jurisdictions do not yet have a comprehensive resolution regime for CCPs in place.
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265MAS, Central Banks Explore Alternative Models for Cross-Border Payments
Manesh Samtani, Regulation Asia November 20, 2018The central banks of Singapore, Canada and England jointly released a report discussing emerging opportunities for digital transformation in cross-border payments.
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255MAS Payment Services Bill Finalised, Tabled in Parliament
Manesh Samtani, Regulation Asia November 19, 2018The Bill aims to provide a more conducive environment for innovation in payment services, while ensuring that risks across the payments value chain are mitigated.
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209New Zealand Banks Must Address Risks from Sales-Linked Incentives – FMA
Manesh Samtani, Regulation Asia November 19, 2018The FMA expects banks to change sales-linked incentives, or explain how they will strengthen controls to address the risk of inappropriate sales.
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345Singapore Banking Body Publishes Cybersecurity Assessment Guidelines
Editors, Regulation Asia November 16, 2018The guidelines provide financial institutions with best practices and guidance on planning and conducting Red Teaming exercises to enhance security testing.
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314Singapore’s UOB Completes Cross-Border P2P Payments in Real Time
Editors, Regulation Asia November 16, 2018In a demo at Singapore FinTech Festival, multiple funds transfers were conducted between a UOB Singapore account and a UOB Thailand account in real time via the bank's mobile app.
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264
FSB Issues Progress Report on Interest Rate Benchmark Reform
Manesh Samtani, Regulation Asia November 15, 2018The FSB notes progress to strengthen major IBORs and identify RFRs and other alternative reference rates, highlighting actions taken in Australia, Hong Kong and Singapore.
