Payments & Settlements

US Fed Delays ISO 20022 Implementation Until March 2025

03/07/2022

ISO 20022 implementation for the Fedwire Funds Service is being delayed to prioritise the launch of the new FedNow Service.

Climate Risk

BNM Calls on FIs to Start Preparing for 2024 Climate Stress Tests

03/07/2022

BNM has proposed a framework for the 2024 CRST exercise to assess the resilience of Malaysian FIs to physical and transition risks arising from various climate scenarios.

Emerging Prudential Risks

FSB Plenary Highlights Continued Financial Stability Concerns

03/07/2022

The FSB expressed concerns over the outlook for financial stability, volatility in commodity markets, and strains in crypto-asset markets.

Market Abuse

SEBI Fines NSE, Officials, Brokers in Colocation Case

02/07/2022

SEBI fined the NSE, five officials, Sampark Infotainment, two brokerage firms and nine other individuals connected to the case.

Sustainable Finance

SC Malaysia Launches New Framework for SRI-Linked Sukuk

02/07/2022

Issuers can use SRI-linked sukuk proceeds for general purpose, subject to their commitments to future improvements for sustainability outcomes within a predefined timeline.

Liquidity Risk

APRA Concludes Post Implementation Review of LCR, NSFR

02/07/2022

The LCR and NSFR are operating effectively, but there are potential improvements that could be made to improve efficiency, APRA says.

Conduct, Culture & Accountability

BNM Issues New Rules for Banks Selling Insurance & Takaful Products

02/07/2022

The board and senior management shall be held “jointly accountable” for bancassurance/bancatakaful products that result in “poor consumer outcomes”.

Anti-Money Laundering

Limited Progress Made on Travel Rule Implementation: FATF

01/07/2022

Jurisdictions have made “only limited progress” over the last year to implement the travel rule in the crypto industry, the FATF says.

Cryptocurrency

MAS Reprimands Crypto Hedge Fund Three Arrows Capital

01/07/2022

MAS said Three Arrows Capital exceeded its allowable AUM and gave the regulator a false representation. The company entered into liquidation this week.