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Cybersecurity
FSB Seek Global Harmonisation in Cyber Incident Reporting
By Editors | 20/10/2021
The FSB will promote convergence in cyber incident reporting by developing best practices, defining information to be shared, and creating common terminologies.
Clearing & Post-Trade
LCH Expands Eligible Collateral to Include SGD Securities
By Editors | 20/10/2021
LCH says accepting SGD collateral will be an important tool for improving liquidity management and optimising margin costs.
Conduct, Culture & Accountability
Australian Court Fines Colonial First State for Misleading Members
By Editors | 19/10/2021
The court said Colonial First State Investments engaged in a 26-month “concerted campaign” that sought to take advantage of members.
Structural Regulation
FMA Sets Target Dates for Financial Advice Licensing
By Editors | 19/10/2021
Transitional licences under the new financial advice regime will expire on 16 March 2023. Providers are asked to apply for full licences ahead of time.
Cryptocurrency
Crypto Asset Regulation “A Matter Of Urgency”, says BOE
By Mark Johnston | 18/10/2021
Deputy governor Jon Cunliffe says a “plausible scenario” involving a collapse in crypto-asset prices would have financial stability implications.
Capital Adequacy
PBOC, CBIRC Publish D-SIBs List, Additional Regulations
By Manesh Samtani | 18/10/2021
19 systemically important banks are named: the 6 big state-owned banks, 9 joint-stock banks and 4 municipal commercial banks.
Credit Risk
Korea Eases Loan Restrictions to Accommodate Home Rentals
By Editors | 17/10/2021
New household loans issued to pay for jeonse deposits in Q4 2021 will not count toward the government’s 6 percent loan growth target for the year.
Capital Adequacy
BCBS Reports Basel Adoption Progress Despite Covid Disruptions
By Sanday Chongo Kabange | 17/10/2021
All jurisdictions now have final rules in force for the CCyB, following implementation in China. Three more jurisdictions have adopted the final TLAC rules.
Trading & Investment
S. Korea Cabinet Approves Measures to Enhance ABS Market
By Editors | 15/10/2021
The revisions abolish requirements that only allow companies with BB ratings or above to issue ABS. Businesses will also be able to securitise future assets and intellectual property rights.
Credit Risk
Malaysia Announces Relief for Low Income Borrowers
By Editors | 15/10/2021
Lower income borrowers can access interest exemptions for three months, smaller loan instalments for up to 24 months, and lower interest rates.
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