The guide recommends five steps for market participants with LIBOR exposures, to help them respond to and prepare for the transition.
Eligible ETFs will be included in Stock Connect. Business and technical preparations are expected to take about six months to complete.
BI-Fast lowers the interbank transfer fee, set at IDR 2,500 (USD 0.18) per transaction, down from the usual IDR 6,500 fee for interbank transfers. 21 banks have so far enrolled on BI-Fast.
The move from monthly reporting back to quarterly reporting means the next reporting position after December 2021 will be March 2022.
The HKMA is seeking to link the new CDI to the Commercial Credit Rating Agency and Companies Registry to enhance risk management in the banking industry.
Sponsors of internet-only insurers can include financial institutions and fintech companies. Applications are expected to open in August 2022.
Revisions to guidance on operational risk management and BCP have also been proposed to align with the operational resilience guidance.
Action initiation functionality will be applied first in the banking sector to enable the development of new, competitive and consumer-focused payment services.
The RBA's Jonathan Kearns said banks need to continue to address evolving risks, as they can morph into systemic risks with potentially dire consequences.
A public private sector workgroup was established by MAS and the Shanghai Municipal Financial Regulatory Bureau to deepen bilateral financial cooperation and connectivity.
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