Credit Risk

MAS Consults on Credit Risk Capital Requirements, Output Floor

28/03/2021

MAS is seeking feedback on draft standards relating to credit risk capital and output floor requirements which will start to take effect from 1 January 2023.

AI Risk & Governance

HKMA Launches Regtech Challenge to Address Banking Pain Points

26/03/2021

The HKMA invites Regtech providers to showcase solutions to help Hong Kong banks solve common risk management and regulatory compliance pain points.

PEPs & Sanctions

US Sanctions Holding Companies Backing Myanmar Military

26/03/2021

The new sanctions target the Myanmar military’s control of significant segments of the country’s economy, which is a vital financial lifeline for the military junta.

Payments & Settlements

BIS, SWIFT Announce Winners of ISO 20022 Hackathon

25/03/2021

The winners were Atomic Wire, Mojaloop, Virtusa and AWS for solutions that help to enhance cross-border payments using ISO 20022 and APIs.

Trading & Investment

BOT Issues First Floating Rate Bonds Based on THOR

25/03/2021

Investor interest was stronger than expected, with subscriptions amounting to more than four times the proposed issue size.

Structural Regulation

APRA Completes Superannuation Data Transformation Phase One

25/03/2021

Most of the new data will be submitted from September 2021, however trustees will be allowed to defer submission of some less critical data for one year.

Data Privacy

CBIRC Fines Citic Bank for Failure to Protect Customer Data

25/03/2021

The penalty is likely related to a complaint by a popular comedian that Citic Bank leaked his personal data on the Internet.

ESG Data

ICMA Calls for ESG Metrics, Standards for Securitised Assets

25/03/2021

Unless ABS investors have better access to standardised and relevant data, they will be unable to appraise ESG risks and satisfy sustainability objectives.

Market Abuse

CSRC Issues Revised Disclosure Rules for Listed Companies

25/03/2021

The new rules introduce additional safeguards against insider trading and improve the timing of disclosure of major events.