Capital / Liquidity

APRA Finalises New Capital Framework for Banks

30/11/2021

The new framework seeks to strengthen financial resilience rather than require banks to raise additional capital, APRA says.

Market Infrastructure

EU Lawmakers Agree to Defer Mandatory Buy-in Rules

29/11/2021

A decision to postpone implementation of the mandatory buy-in rules under the CSDR settlement discipline regime has been agreed.

Market Infrastructure

Australia to Drop LIBOR in Cross Currency Swaps Trading

29/11/2021

BBSW/LIBOR will shift to BBSW/SOFR in cross currency basis swaps trading, though the move presents challenges inherent to an IBOR/RFR pairing.

AML / KYC

Australia Introduces Sanctions Reform Bill to Parliament

28/11/2021

The bill allows targeted sanctions to be imposed to address themes such as gross human rights violations, malicious cyber activity and serious corruption.

ESG / Sustainability

HKMA Offers Guidance on Regtech for Reporting, Stress Testing

28/11/2021

The latest regtech adoption guide highlights challenges banks face as a result of their use of legacy systems and siloed data structures.

Market Infrastructure

APRA Calls For Greater Board Engagement on Cyber Risk

25/11/2021

APRA found in a data collection exercise that 60 percent of regulated entities had not assessed IT service providers’ information security control testing.

Fintech / Regtech

Japanese Banks, Companies to Test Run Digital Currency

24/11/2021

A group of over 70 companies, banks, and organisations plans to bring a digital currency known as DCJPY into circulation in the second half of 2022.

Market Infrastructure

China Steps Up Crackdown on Violations of Anti-monopoly Law

24/11/2021

China Citic Bank and a Baidu unit are among the latest to be fined. The SAMR’s anti-monopoly bureau has been elevated to a separate state-level bureau.

HKMA Publishes Interim Report on Front Office Incentives Review

24/11/2021

Frontline staff with more positive perceptions of customer and conduct outcomes had incentives that emphasised both financial and non-financial factors.