Capital Adequacy

Japan: Bank Stress Tests to Use Covid-19 as Baseline Scenario

08/10/2020

The BOJ and FSA jointly stress-tested banks using a common scenario for the first time in December. This year’s stress tests will use the Covid-19 pandemic as the common scenario.

Clearing & Post-Trade

China’s DCE, ZCE Assessed as Post-trade Transparency Positive

08/10/2020

The positive assessments relieve EU investment firms from the obligation to make DCE and ZCE transactions post-trade transparent via an APA.

Clearing & Post-Trade

ASX Proposes Auctions Mechanism to Handle Futures Participant Defaults

08/10/2020

ASX proposes rule amendments to allow it to auction off exchange-traded derivatives positions in the event that a futures clearing participant defaults.

Trading & Investment

China Accelerates Development of Infrastructure REITs Market

08/10/2020

REITs markets will play an important role in enhancing Shanghai’s status as an international financial centre, helping to attract overseas capital while promoting RMB internationalisation.

Operational Risk

Fed Orders Citigroup to Correct “Longstanding Deficiencies”

08/10/2020

The Fed has ordered Citigroup to remediated enterprise-wide risk management and controls deficiencies. The OCC has penalised Citibank $400mn for the same deficiencies.

Market Data & Technology

G20 Data Gaps Initiative Has ‘Proven its Value’: FSB, IMF

07/10/2020

The fourth progress report on phase two implementation of DGI-2 says progress made to date has proven its value during the crisis triggered by the Covid-19 pandemic.

Anti-Money Laundering

RegTech Asia 2020: Enhancing Transaction Monitoring

07/10/2020

How is the financial industry using AI/machine learning and data analytics to enhance typically rule-based transaction monitoring systems?

Conduct, Culture & Accountability

Korea FSS to Penalise Brokerage CEOs Over Lime Asset Mis-selling

07/10/2020

The proposed sanctions may include a ban on former and current CEOs of three brokerage firms from working in the financial industry for up to five years.

AI Risk & Governance

BIS Innovation Hub Announces G20 TechSprint Winners

07/10/2020

FNA won the dynamic information-sharing category; Tookitaki won in the monitoring and surveillance category; ISDA and REGnosys won the regulatory reporting category.