The report indicates that the risks were known, but responsible parties in the first and second lines simply failed to act.
July 30, 2021The changes place greater importance on the use of PvP settlement where available, and provide guidance on risk reduction where PvP settlement is not in use.
July 27, 2021Banks can purchase Sri Lankan sovereign bonds in the secondary market only using freshly raised borrowings from overseas.
June 25, 2021Two insurers, two financial advisory firms, and two individuals were reprimanded over breaches related to their risk management arrangements and remuneration practices.
June 16, 2021KRX has amended its OTC derivatives clearing and settlement rules to provide the legal basis for the introduction of trade compression services.
June 15, 2021The FSA has directed FIs to formulate a plan that ensures full compliance with its AML/CFT guidelines by March 2024.
June 8, 2021The rules remove a restriction that prohibited CDS and CLN from being linked to instruments other than non-financial corporate debt.
May 14, 2021Margaret Law and Makoto Miyazaki discuss the need for Japanese pension funds to adopt PvP settlement to mitigate FX settlement risk.
May 6, 2021DTCC proposes plan to eliminate cross-jurisdictional differences in trade reporting standards to boost transparency and the monitoring of systemic risk.
March 17, 2021MAS is concerned about financial crime risk. New cash withdrawal limits have been imposed in Myanmar. A military-owned bank has suspended operations.
March 5, 2021