Conduct, Culture & Accountability

Uncertain Times Call for Quality Financial Disclosures: IOSCO

16/11/2022

Issuers, audit committees, and external auditors must ensure investors receive accurate, transparent and timely information especially in times of heightened uncertainty.

Emerging Prudential Risks

FSB Releases Final Report on Scarring Effects from Covid-19

16/11/2022

Russia’s invasion of Ukraine has significantly added to pre-existing challenges associated with exiting from Covid-19 policy support measures.

Reporting & Disclosures

CBIRC Directs Insurers to Report Data on Green Insurance Business

16/11/2022

Insurers will have to report the number of green insurance policies issued, premiums collected, amounts insured, claims filed, and indemnity paid.

Payments & Settlements

FSC Korea to Create Online Platform for Replacing Costly Loans

16/11/2022

The platform will allow borrowers to compare interest rates offered by lenders and transfer their loans based on repayment costs.

Operational Risk

APRA to Revise Financial Resources Rules for Super Trustees

16/11/2022

The proposed changes will require trustees to adopt a more sophisticated risk-based approach to the management of operational risk financial resources.

Payments & Settlements

China Launches New Platform for Personal Pension Investors

15/11/2022

The platform allows users to open accounts, view product information, and communicate with FIs offering pension and wealth management products.

Cloud & Infrastructure

MAS, UN to Jointly Develop Digital Finance in Pacific Island LDCs

15/11/2022

The collaboration includes measures to improve MSME access to financing and financial services, initially in Pacific Island LDCs.

Market Data & Technology

GLEIF, SWIFT Collaborate to Enable Mapping Between MICs and LEIs

15/11/2022

GLEIF will publish new open-source relationship files monthly which will map Market Identifier Codes pertaining to legal entities to the corresponding LEIs.

Cryptocurrency

Singapore and Hong Kong Regulators Address FTX Queries

15/11/2022

MAS said FTX is neither licensed nor exempt from licensing in Singapore. Hong Kong’s SFC said licensed fund managers’ exposure to FTX is “immaterial”.