The work programme includes initiatives to strengthen NBFI resilience, enhance cross border payments, and address climate change, among other priorities.
January 21, 2021The revised guidelines set out higher expectations for FIs in technology risk management, including for assessments of third-party suppliers.
January 19, 2021Loans to developers by large banks have been capped at 40% of total loans. Mortgages have been capped at 32.5% of total loans.
January 5, 2021The first draft policy covers governance policies for payment system operators. The second covers the local adoption of the PFMI for designated payment systems.
January 3, 2021APRA cites “the risk of further stresses to come” as a determining factor, including the threat of new Covid-19 outbreaks and the withdrawal of financial assistance measures.
December 21, 2020Guidelines due to take effect in 18 months call for increased engagement with stakeholders, stress testing and risk disclosures.
December 10, 2020MAS has extended the transition period from 12 months to 18 months, and says it will start engaging key banks on their implementation progress from Q2 2021.
December 9, 2020APRA's John Lonsdale said the general quality of recovery plans amongst smaller banks was weaker than the regulator would like, and they may have fewer recovery options.
December 7, 2020The roadmap makes 37 recommendations, including a 2023 deadline for financial institutions and major listed companies to report according to the TCFD framework.
December 4, 2020To encourage more active participation in the market, efforts can be made to implement tax incentives and subsidies to address the high costs of certification.
November 27, 2020