From November 2021, all intermediaries for incoming cross-border payments must be able to receive ISO 20022 enhanced message content, and to pass on those messages in full.
Regulation Asia sat down with SGX RegCo Chief Boon Gin Tan to discuss how the exchange is adapting its regulatory approach to preserve trust and integrity in the capital markets.
It will take up to one year for the credit bureau to collect sufficient and meaningful credit data on local businesses before it will be provided to lenders.
More extreme events have a low probability but are still plausible, illustrating the importance of managing cyber resilience effectively, the RBNZ says.
ISDA seeks input on whether to add a pre-cessation trigger to the permanent cessation fallbacks it is implementing for LIBOR in its standard documentation.
The central bank calls on local banks to carefully evaluate the effects of the LIBOR transition, formulate benchmark conversion plans, and review the plans regularly.
Respondents selected the ‘compounded setting in arrears rate approach with a backward-shift adjustment’ and 'five-year historical median approach to the spread adjustment'.
APRA will develop guidance on climate change financial risk, conduct a vulnerability assessment of ADIs, and include ESG in superannuation investment governance guidance.
Among the initiatives were the launch of the new OFC regime for private fund managers, a regulatory framework for virtual assets, and enhancements to the investor compensation regime.
ASX is consulting on operating rules relating to corporate actions, mFund and RTGS payment aspects for 'Day 1' implementation of CHESS Replacement system functionality.
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