All posts tagged "ABS"
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69Australia & NZAPRA Postpones Implementation of Updated ARS 720.1
Delaying the commencement will provide ADIs with more time to make transition to the updated standard, APRA said.
October 21, 2021 -
148FeatureS. Korea Cabinet Approves Measures to Enhance ABS Market
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.
October 15, 2021 -
226SingaporeSingapore: ASFI, WWF Launch Sustainable Finance Academy
ASFI Academy will help ensure the financial sector workforce develops the skills needed to implement MAS' guidelines on environmental risk management.
September 22, 2021 -
359FeatureABS Offers Standardised Approach to Bank Data Sharing
A new Data Sharing Handbook provides a framework for banks and non-bank ecosystem partners to share data in a safe, secure and responsible manner.
August 31, 2021 -
223Australia & NZ
APRA, RBA Propose to Update Reporting Standard for Loans, Leases
The changes are expected to be effective from 1 January 2022. Implementation of the November 2020 updates to ARS 720.1 will be delayed until then.
August 19, 2021 -
141AML / KYCMAS to Review Liability Framework for Card Scams by Year-end
The Singapore police received 89 reports of fraudulent card transactions performed with SMS OTPs between September 2020 and February 2021.
July 28, 2021 -
145AML / KYC
MAS, ABS Working to Improve Safeguards Against Scams – Reports
A task force has been set up to help Singapore's financial industry improve safeguards against scams and fraudulent transactions.
July 15, 2021 -
251FeatureMAS Proposes New Safeguards for Vulnerable Customers
MAS proposes additional safeguards for clients receiving financial advice if they are elderly, not proficient in English, or have lower academic qualifications.
July 1, 2021 -
149FeatureMAS Announces ‘Final’ Extension of Credit Relief Measures
MAS says this is likely the final extension and that loan repayments must start normalising to minimise debt accumulation.
June 25, 2021 -
332EnforcementHin Leong Files Suit Against Deloitte Over Auditing Failures
The lawsuit claims Deloitte would have detected material misstatements and not issued unqualified opinions if its audits were carried out properly.
June 16, 2021
