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Capital Adequacy
RBI Loosens Rules on Bank Management of Overseas Units
By Manesh Samtani | 13/12/2021
The RBI will also introduce new rules for how banks classify and value their investment portfolios, and how payment systems charge their customers.
Structural Regulation
China to Enhance Asset Sale Transparency at State-owned FIs
By Editors | 13/12/2021
Assets transfers by state-owned financial institutions must be through open transactions, such as on trading venues, auctions, and competitive negotiations.
Structural Regulation
CSRC to Enhance Account Management in Securities Industry
By Darien Choong | 13/12/2021
A pilot project has been initiated with 10 securities firms to optimise their account management functions and ensure the safety of customer funds.
Conduct, Culture & Accountability
HK Bourse Finalises New Rules on Governance, Board Diversity
By Editors | 13/12/2021
Amended corporate governance code and listing rules will require firms to ensure board independence, refreshment, and diversity from 1 January 2022.
Payments & Settlements
CPMI to Define Service Level Template for Cross-border Payments
By Editors | 13/12/2021
Agreed service levels will establish consistency and certainty for all cross-border payment stakeholders based on a common framework, CPMI says.
CBDCs
PBOC Reiterates Commitment to Hong Kong Financial Centre
By Sanday Chongo Kabange | 13/12/2021
Key areas of collaboration to enhance Hong Kong’s roles as an international financial centre include CBDC, regtech, green finance development.
Conduct, Culture & Accountability
HK Associations Published Revised Code of Banking Practice
By Editors | 13/12/2021
Banks are expected to achieve full compliance with the new provisions within six months. The Code is endorsed by the HKMA.
Structural Regulation
Refinitiv Set to Launch Tokyo Swap Rate Fallback
By Ranamita Chakraborty | 13/12/2021
The Tokyo Swap Rate Fallback is based on a static spread adjustment and the Tokyo Swap Rate (for swaps referencing TONA), which was launched in October.
Capital Adequacy
ISDA Named Industry Association of the Year
By Editors | 10/12/2021
ISDA was recognised for its work on LIBOR transition, initial margin compliance, Basel III benchmarking, digitisation initiatives, a new digital documentation platform, and ESG standards.
Reporting & Disclosures
Synpulse Recognised for Work to Address Regulatory Challenges
By Editors | 10/12/2021
Synpulse helped clients with ESG gap assessments, periodic KYC review enhancements, and a data management framework uplift project, among others.
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