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Operational Risk
APRA Finalises Revisions to EFS Reporting Standards
By Editors | 24/11/2020
Based on market feedback, the implementation date of the changes for most of the standards has been moved forward three months to the reporting period ending 30 September 2021.
Structural Regulation
RBI Working Group Proposes New Rules on Bank Ownership
By Sanday Chongo Kabange | 23/11/2020
The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.
Resolution & Recovery
CBIRC Approves Bankruptcy Filing by Baoshang Bank
By Editors | 23/11/2020
Baoshang Bank will become the first commercial bank to go bankrupt in China in almost 20 years. Earlier this month, regulators deemed the bank to be non-viable.
Trading & Investment
ASIC Launches Probe into ASX Over Equity Market Outage
By Manesh Samtani | 23/11/2020
ASIC had earlier said it would determine whether ASX followed the relevant regulatory requirements and met its licence obligations.
Operational Risk
BSP Instructs Banks to Report on LIBOR Exposures Quarterly
By Manesh Samtani | 23/11/2020
The regular reports will guide the degree of the central bank’s supervisory engagement with individual institutions, BSP deputy governor Chuchi Fonacier told Regulation Asia.
Liquidity Risk
Thailand SEC Revises Net Capital Rules to Bolster Liquidity
By Sanday Chongo Kabange | 22/11/2020
The SEC will allow securities companies to include the value of digital assets when calculating their net capital funds, though a haircut of at least 50 percent will be applied.
Capital Adequacy
HKMA Updates Rules for Banks’ Equity Investments in Funds
By Editors | 22/11/2020
The HKMA consulted on local implementation of the standard in January 2019. The new consultation contains amendments reflecting industry feedback.
Emerging Prudential Risks
SGX RegCo Mulls Measures to Address Concentration Risk in REITs
By Manesh Samtani | 22/11/2020
SGX RegCo chief Tan Boon Gin spoke about concentration risk, the enforceability of security deposits overseas, and director independence at REIT managers.
Clearing & Post-Trade
SGX to Enhance Clearing Member Default Management Process
By Editors | 22/11/2020
SGX proposes to align CDP’s default management practices with global standards and improve the efficiency and speed with which defaults may be resolved.
Emerging Prudential Risks
March Market Turmoil Highlighted MMF Vulnerabilities: IOSCO
By Manesh Samtani | 22/11/2020
In a new report, IOSCO highlights the need for further reform to address vulnerabilities in certain types of non-public money market funds.
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