MAS will require Singapore banks to apply a 1250% risk weight for exposures to Bitcoin and Ether, pending the finalisation of the BCBS framework.
China was re-rated for progress made in the implementation of PF-related targeted financial sanctions and on beneficial ownership transparency.
Foreign investors will no longer need to register their identities prior to investing in Korean stocks. The dividend-payment process is also being revised.
Some financial market infrastructures have not yet developed their cyber response and recovery plans to meet the two-hour recovery time objective.
The guide brings together all of the standards and PPGs needed to help directors navigate requirements that are specific to them, APRA said.
The KOSDAQ Global segment comprises 51 companies with a combined market cap of about KRW 78 trillion, which represents 23 percent of the KOSDAQ market.
Bank exposures to NBFIs, particularly highly leveraged firms, could lead to excessive risk concentration and potential liquidity issues.
IOSCO chair Jean-Paul Servais said new standards for regulating "crypto conglomerates" are an "obvious necessity."
Digital insurers and takaful operators will initially be subject to a lower minimum paid-up capital requirement during a 3-5 year foundational period.
UK police unit Action Fraud said crypto-related fraud losses from October 2021 to September 2022 amounted to $270mn.
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