Reports

April 2023

With the world reeling from unexpected bank collapses in the US and Europe, a group of bankers met in Hong Kong in March to discuss risk management challenges, as well as the opportunities and outlook for the sector. This report summarises the findings from the roundtable discussion, which was jointly hosted by Regulation Asia and Wolters Kluwer. 

Published by Regulation Asia and Wolters Kluwer

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December 2022

In this paper, we explore how Asia Pacific financial institutions view their financial crime risk management capabilities as they prepare for 2023, leveraging survey and interview data collected from 289 practitioners across the region. This report also features interviews with the HKMA, AUSTRAC, Japan's FSA, and RUSI’s Centre for Financial Crime and Security Studies.

Published by Regulation Asia and NICE Actimize

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August 2022

Banks are facing growing commercial and regulatory pressure to enhance their ability to prevent, detect, and defend against fraud losses. In this paper, subject matter experts from HSBC, Standard Chartered Bank and NICE Actimize discuss the current fraud risk landscape and ongoing industry and regulatory efforts to enhance fraud prevention, detection and recovery capabilities.

Published by Regulation Asia and NICE Actimize

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August 2022

The story of China over the past few years has been one of slowing growth and an increasingly tightening regulatory environment. The onset of Covid-19 was an obvious driver of the slowdown, but a string of unexpected regulatory moves from policymakers has also contributed to the more challenging business environment and impacted overall market optimism. For this three-part report, we surveyed awareness and optimism towards the changing regulatory environment, attitudes towards ESG amongst investors and bankers in China, and the outlook for M&A.

Published by Regulation Asia and S&P Global Market Intelligence

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July 2022

How is Asia adapting to a new paradigm around ESG disclosure reporting and the role new technologies and data can play in bridging the gaps. In many APAC jurisdictions including Hong Kong and Singapore, new taxonomies, working groups and requirements are being introduced to ensure market participants suitably account for and are aligned with various ESG related metrics. For this new special report, we talk to key market participants to understand the challenges institutions face across the region.

Published by Regulation Asia, with support from Bursa Malaysia and Moody's Analytics

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January 2022

In research conducted by NICE Actimize and Regulation Asia, we analysed survey and interview data from 216 financial crime and fraud professionals across APAC to understand how FIs are leveraging technology to enhance financial crime risk management. This report presents the research findings, shedding light on the key priority areas at FIs, the challenges they face in technology adoption, and their outlook for the year ahead.

Published by Regulation Asia and NICE Actimize

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November 2021

China’s onshore asset-backed securities (ABS) market has been growing rapidly in recent years, bolstered by an influx of investment from domestic and foreign institutions alike. In this paper, we explore the regulatory developments that have led to such rapid growth, the opportunity for domestic and foreign institutional investors, and key drivers that are expected to propel the ABS market forward in the years to come, including the development of a green ABS market.

Published by Regulation Asia and Moody's Analytics

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August 2021

In recent years, initiatives to foster sound culture and deter misconduct have remained in focus for regulators and financial institutions alike. Culture reform initiatives, however, require a multi-pronged approach. In this paper, we explore key initiatives underway to advance culture reform in the Asia-Pacific financial sector, highlighting efforts to measure and assess culture and conduct risk levels within an organisation, and track progress over time.

Published by Regulation Asia and NICE Actimize

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July 2021

The introduction of XVAs post-GFC have helped to facilitate better trading and risk management decisions by banks, change attitudes towards data management, and promote greater responsibility over the use of capital. But, the pandemic has highlighted a need for faster and more reliable approaches to valuing derivatives portfolios. In this paper, we discuss the benefits of adopting a central valuation engine ahead of the final Basel framework taking effect from 1 January 2023.

Published by Regulation Asia and Oracle Financial Services

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July 2021

The global pandemic forced Southeast Asia's financial industry to adapt to a growing threat of fraud, for which the usual tools and processes were found to no longer be sufficient. At a recent roundtable discussion convened by GBG and Regulation Asia, industry experts gathered to delve into the Southeast Asian fraud landscape and provide practical insights into the mitigation measures the industry can take to meet these emerging challenges.

Published by Regulation Asia and GBG

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June 2021

Asia Pacific’s banking sector managed well through the last year, despite economies in the region being ravaged by the pandemic. However, loose credit markets and growing regional economic growth have created conditions that could upend the economic recovery and expose banks to new risks. In this paper, we discuss how more granular deposit modelling and enhanced stress testing approaches can help to augment liquidity risk management practices in light of these risks.

Published by Regulation Asia and AxiomSL

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May 2021

More than a decade from the 2008 crisis, regulators and risk managers are asking whether banks are better prepared for the emergent challenges seen in the pandemic. This report presents findings from research and interviews conducted by Regulation Asia and Bloomberg on how Asia Pacific banks are handling the current economic and market conditions, primarily from a credit risk perspective.

Published by Regulation Asia and Bloomberg

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May 2021

Global maritime shipping accounts for up to 90 percent of total international trade by volume and 70 percent by value. It is also the key artery for sanctions evasion globally, a result of deceptive shipping practices used by bad actors. This paper describes the need for banks that facilitate transactions involving maritime trade to put in place systems and processes to detect illicit activity that could result in sanctions breaches. .

Published by Regulation Asia and Dow Jones Risk & Compliance

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May 2021

In light of challenges brought on by the Covid-19 crisis, there has been a heightened regulatory focus on the short-term actions and long-term resilience of life insurers. This report presents findings from research conducted by Regulation Asia and Bloomberg to explore perspectives on the current economic, market and credit conditions the insurance industry faces and whether continued stresses are likely to renew pressure on individual insurance firms in the year ahead.

Published by Regulation Asia and Bloomberg

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April 2021

MAS and APRA are among the regulators that have wholeheartedly endorsed the use of technology to improve the quality, accuracy and speed of regulatory reporting. In this paper, we discuss efforts in Singapore and Australia to automate reporting workflows through machine-readable rules, and how such a model can be replicated in other markets to gain efficiency, lower compliance costs, and facilitate more effective risk monitoring.

Published by Regulation Asia and Vizor Software

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April 2021

Regulatory requirements are increasingly coming with a heavier data ask, prompting a need for faster calculations, more advanced data analytics capabilities and processing performance. This paper discusses how in-memory analytics tools enable even the most complex of regulatory calculations such as those required under FRTB to be performed in near real-time.

Published by Regulation Asia and ActiveViam

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March 2021

The pandemic and the economic disruptions it created threw new light on the importance of risk and resilience. Regulators and banks have been developing new scenarios to assess the impacts of future stress events. In this paper, we discuss recent trends in stress testing and examine how data and technology can help banks to generate decision-useful insights and enhance risk management.

Published by Regulation Asia and Wolters Kluwer

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March 2021

The shift away from interbank offered rates (IBORs) towards risk-free rates (RFRs) is well underway. However, many banks have not yet dedicated adequate time to consider how the transition will affect their risk and forecasting functions. This paper discusses how these functions are impacted by the lack of forward-looking term rates for RFRs.

Published by Regulation Asia and Moody's Analytics

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March 2021

Independent testing can serve as a functional, scientific and transparent approach to bolster the effectiveness and efficiency of sanctions screening systems. This paper describes why sanctions screening systems need to be regularly tested, the benefits testing can provide, and recommendations for how it should be performed.

Published by Regulation Asia and SWIFT

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August 2020

The global pandemic has been an agent for accelerated change, forcing banks to revamp KYC and onboarding processes, tweak risk scoring thresholds, and recalibrate their systems to cope. This paper highlights three core areas that require focus to future-proof against financial crime risks: culture, technology, and data.

Published by Regulation Asia and NICE Actimize

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July 2020

FRTB is a significant global industry challenge, but the process to achieve its outcomes can harness value from data that can be applied throughout a bank’s operations. In this paper, we identify eight data challenges that banks need to manage in their FRTB transition programmes, each one reinforcing the need for reliable and accurate data.

Published by Regulation Asia and NeoXam

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July 2020

Regulation Asia sat down with Guy Rowcliffe, Global Head of Optimization Services at CME Group, to understand how its TriOptima business is helping the sell-side and buy-side alike to reduce Libor risk, optimise capital, and enhance operational efficiency.

Published by Regulation Asia and CME Group

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June 2020

Managing KYC risk assessment in a sea of increasingly complex data sets calls for smart automated solutions to manage alerts. In this paper, we discuss the use of entity level data to meet AML, KYC and sanctions compliance.

Published by Regulation Asia and Bureau van Dijk

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June 2020

Data has never been more essential to making informed decisions, particularly in private markets where internal data at financial institutions is typically thin. In this paper, we look at how a collaborative approach can help to address data gaps and improve risk management in private credit markets.

Published by Regulation Asia and Moody's Analytics

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May 2020

The COVID-19 pandemic is an additional catalyst for financial institutions to generate fundamental structural change as they seek to implement Basel reforms. In this paper, AxiomSL's Mahim Mehra discusses model architecture and explains the importance of full data lineage for Basel IV compliance.

Published by Regulation Asia and AxiomSL

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November 2019

In November 2019, Regulation Asia and Wolters Kluwer jointly held a private roundtable to provide practical insights to firms that were considering – or planning to apply for – a digital bank licence in Singapore, drawing from the Hong Kong experience. This paper presents the key findings from the closed-door discussion.

Published by Regulation Asia and Wolters Kluwer

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October 2019

Asian banks have a large and complex operational task ahead of them as they prepare for a post-LIBOR world after 2021. In this paper, KPMG’s Marie Gervacio and Luke Gower discuss the progress seen so far in key Asia Pacific juridictions, and the challenges still ahead for regulators and market participants.

Published by Regulation Asia and KPMG

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October 2019

To create a truly competitive advantage and achieve their commercial goals, Asia’s financial institutions need to integrate strong data culture into their data governance approaches. This entails taking a more holistic approach to data, and building data behaviours that are “authentic” to the firm’s strategy and ways of working.

Published by Regulation Asia and PwC

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October 2019

While there is now increasing recognition of the important of data governance, most firms continue to be focused on technical policies rather than on developing a data-focused culture that goes beyond regulatory compliance. Yet, organisations with distinctive and aligned cultures are more likely to report superior execution, better results and higher growth rates.

Published by Regulation Asia and PwC

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May 2019

The onboarding process is merely the start of a clearly defined, long-term relationship with customers, but it needs to be fast and efficient, and this can only be achieved through automation. Today's banks and financial institutions have to make the most of automation if they want to provide a customer experience that wins trust, loyalty and satisfaction. 

Published by Regulation Asia and Appway

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April 2019

Managing large sets of regulatory data has become an important part of conducting business in the financial industry, and the increased use of technology for data analysis and collection has meant that regulators are demanding more and more granular data to enhance supervisory, risk assessment, and stress testing efforts.

Published by Regulation Asia and Moody's Analytics

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April 2019

As financial crime continues to flourish and reach new levels of sophistication, financial institutions have increasingly recognised that new technologies are providing much-needed solutions to improve the efficiency and effectiveness of AML programmes. In this paper, we look at some of the core themes firms need to pay attention to in the year ahead.

Published by Regulation Asia and NICE Actimize

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April 2019

Regulators have taken an aggressive approach to tax reporting, particularly relating to non-resident income. Financial institutions are on the front line of reporting on their account holders and their assets. This paper shows how tax reporting automation makes compliance quicker and more efficient.

Published by Regulation Asia and BearingPoint

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March 2019

This paper explores how Asia has taken the lead as the world transforms towards a truly cashless society. It looks at the regulatory landscape for open banking and how firms can more efficiently transition from legacy platforms into the digital marketplace for financial services.

Published by Regulation Asia and SmartStream

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June 2018

This paper explores regulatory and government-led initiatives causing financial institutions to share taxpayer data at a rate never seen before. It also look at how private banks and wealth managers can build competitive advantage by supporting clients' cross jurisdictional tax reporting needs.

Published by Regulation Asia and BearingPoint

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July 2017

This report uses survey research to gauge the readiness of the financial industry to implement CRS. The results highlighted that regulators struggled with establising legal basis for information exchange, while financial institutions were challenged with IT infrastructure decisions that would enable the collection, validation and monitoring of client information for ongoing compliance and reporting.

Published by Regulation Asia and IHS Markit

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June 2017

This report presents the findings from a survey of 189 respondents in 13 countries, and in-depth discussions with some of the respondents, to gauge their readiness for IFRS 9 implementation by the January 2018 deadline, exploring implementation challenges, objectives, operational practices and costs.

Published by Regulation Asia and S&P Global Market Intelligence

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April 2017

Regulation Asia sat down with FTI Consulting Managing Director Bruno Campana to explore whether financial institutions should pursue approval for internal models or adopt the standardised approach proposed by regulators, as well as the implications of the decision.

Published by Regulation Asia and FTI Consulting

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January 2017

This paper explores how truly open China’s economy has become, highlighting the critical role adequate and comprehensive due diligence plays in protecting financial institutions against compliance missteps and helping them maintain profitable operations.

Published by Regulation Asia and LexisNexis Risk Solutions

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October 2016

RMB Week, a sister publiction of Regulation Asia, sat down with Helen Lofthouse, Executive General Manager for Derivatives and OTC Markets at ASX, to discuss the importance of the recently launched RMB securities depository service, and how it fits in with ASX's overall growth and expansion plans in the Asia-Pacific region.

Published by RMB Week and ASX

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September 2016

This report explored the new oblications under CRS and the challenges they presented to financial institutions in terms the scale and amount of data that needed collecting and reporting. It also explores possible solutions to the challenges, with a spotlight on India, one of the first countries to adopt CRS.

Published by Regulation Asia and AxiomSL

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March 2016

This paper outlines key initiatives in India to liberalise banking and capital markets, and promote domestic economic stability, paying particular attention to the challenges and opportunities the financil industry foresees in the Basel III and high frequency trading domains.

Published by Regulation Asia and Deloitte

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February 2016

This paper discusses the challenges of new collateral and risk management standards for OTC derivatives as a result of the adoption of central clearing practices, and how participants are readying their systems to support the new requirements.

Published by Regulation Asia and SmartStream

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December 2015

This article summarises the findings of a private roundtable in Singapore where compliance executives discuss the challenges of multi-jurisdictional compliance and the client onboarding requirement, as well as future solutions in data management, KYC and share services.

Published by Regulation Asia and Fenergo

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October 2015

This article summarises the findings of a private roundtable in Singapore where private bankers discuss the impact and challenges of the regulatory environment to the private banking business and their clients, and howthey are adapting to cope.

Published by Regulation Asia and M&G Investments

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July 2015

This paper explore how increasingly complex and co-dependent regulations and tax policies following the global financial crisis are changing the process of on-boarding and monitoring clients and counterparties, placing a significant burden on financial insitutions.

Published by Regulation Asia and LexisNexis Risk Solutions

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