The consultations will deal with the standards for crypto assets, interest rate risk in the banking book, and window-dressing by G-SIBs.
December 8, 2023With MAS implementing the last phase of Basel III requirements from July 2024, local banks have installed strong controls and programmes to ensure compliance.
December 5, 2023The BCBS says full adoption of the Principles for Operational Resilience and revised Principles for the Sound Management of Operational Risk may take until at least 2025.
November 29, 2023Implementation will be deferred to 1 January 2025 in light of other countries also postponing implementation.
November 22, 2023Participating individuals can obtain consumer credit reports from three CRAs, to review the accuracy of data and assess their overall service performance.
November 20, 2023The recommendations cover six key areas, consistent with IOSCO's Principles and associated standards for securities markets regulation.
November 16, 2023The standards on credit risk, operational risk, market risk, CVA risk and the output floor will take effect on 1 January 2025.
November 11, 2023The master directions, effective from 1 April 2024, specify the IT governance responsibilities of the board and senior management.
November 8, 2023QRTAs are required to declare a disaster within 30 minutes of an incident and must be able to switch to the DRS within 45 minutes.
October 23, 2023Digital asset platforms would be subject to existing financial services laws and required to obtain a licence from ASIC.
October 16, 2023