Cybersecurity

Fintech Risks Could Undermine Financial Inclusion

16/04/2020

The CPMI and World Bank have set out key actions to help stakeholders address fintech risks in the context of achieving financial inclusion outcomes.

Liquidity Risk

BOK to Launch New Loan Programme for Brokers, Insurers

16/04/2020

Under the programme, corporate bonds rated AA or higher are eligible as loan collateral, a major shift for the BOK which has traditionally only bought government debt.

Trading & Investment

ASIC Updates Guidance on Active ETF Internal Market Making

16/04/2020

Active ETFs are asked to rely on publicly available information for market making quotes, and to establish internal information barriers.

KYC & CDD

SEBI Seeks Details on UBOs of Chinese, Hong Kong FPIs

16/04/2020

Prompted by the PBOC raising its stake in HDFC to over 1%, SEBI is reportedly concerned that Indian companies may face takeover threats from Chinese investors.

Trading & Investment

ISDA to Add Pre-cessation Trigger to LIBOR Fallback Provisions

16/04/2020

A significant majority of respondents favour including both pre-cessation and permanent cessation fallbacks as standard language in the amended 2006 ISDA Definitions for LIBOR.

Operational Risk

APRA Announces New Commencement Dates for Prudential Standards

16/04/2020

The new commencement dates relate to initial margin requirements and APRA’s prudential standards on information security, credit risk management and related entity exposures.

Emerging Prudential Risks

G20 Agrees to Suspend Debt Payments for Low Income Nations

15/04/2020

The G20 is also calling on private creditors, working through the Institute of International Finance, to participate in the initiative “on comparable terms”.

Anti-Money Laundering

US Returns $300m of Misappropriated 1MDB Funds to Malaysia

15/04/2020

The funds includes proceeds from assets that Malaysia financier Jho Low allegedly bought with stolen 1MDB money before his $700mn forfeit last year.

Liquidity Risk

Hedge Funds Have Sufficient Liquidity, Low Leverage: IOSCO

15/04/2020

Hedge funds were found to have sufficient portfolio liquidity to meet investor redemption demands under normal market conditions, based on end-September 2018 data.