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Large urban cooperative banks have to report exposures over 50mn rupees to a central repository within one month from the end of each quarter.

Trading venues and their participants should synchronise the clocks they use for timestamping reportable events with coordinated universal time (UTC), IOSCO says.

The measures oblige banking and insurance supervisors to investigate violations of banking and insurance laws and regulations reported by whistleblowers, and to protect their privacy.

Listed companies are required to disclose information on their governance of climate-related risks and opportunities, and the actual and potential impacts of their activities on climate.

The vulnerabilities could allow malicious files or applications to bypass detection from security applications and gain control of the computer systems.

Each financial institution will be required to identify and plan for the execution of a suite of recovery options to restore its long-term viability under a range of stress events.

The new system covers 5 years of financial records, compared to 2 previously, including information on borrowers' employment status, co-borrowing records, and utility payment history.

An investor was fined S$200,000 for failing to disclose that he had become a substantial shareholder in a Catalist-listed company, and for subsequent disclosure rule breaches.

Non-bank financial intermediation posing bank-like financial stability risks grew by 1.7% in 2018, significantly slower than the 2012-2017 average annual growth rate of 8.5%.

Regulation Asia sat down with Ian Rennie, Managing Director at Kaizen Reporting, to understand how testing reduces costs, improves quality and increases confidence in regulatory reporting.