Market Risk

PBOC Tightens FX Market Liquidity to Curb Speculation

01/06/2021

The PBOC has raised the RRR for foreign currency deposits for the first time in 14 years and asked enterprise and FIs not to engage in FX speculation.

Cybersecurity

MAS Issues Consultation Response on Credit Reporting Regulations

01/06/2021

Licensed credit bureaus will be required to establish a Code of Conduct and comply with requirements on technology risk management and cyber security.

Credit Risk

RBI Warns Banks to Prepare for Higher Provisioning

31/05/2021

Banks will need to closely monitor their asset quality in the coming quarters, the RBI said in its annual report.

Liquidity Risk

MAS Raises Focus on Fund Liquidity Risk Practices

31/05/2021

MAS wants funds to increase the frequency of liquidity risk monitoring and to extend reporting of significant redemptions to non-retail funds.

Structural Regulation

CBIRC Finalises Rules on the Sale of Wealth Management Products

30/05/2021

The rules take effect from 27 June, with a new six-month transition period before full compliance is required.

Data Privacy

Japan to Require Disclosure of User Data Held Overseas

29/05/2021

Companies will reportedly also have to disclose how data management rules in foreign countries differ from those in Japan.

Conduct, Culture & Accountability

LIBOR Transition in Cash Markets Remains Slow: ASIC

28/05/2021

Only 14 percent of post-cessation date loans have robust fallbacks in place, said ASIC’s Nathan Bourne at a Bloomberg-ICMA webinar.

Structural Regulation

FIA Seeks Additional Clarity on China’s “Historic” Futures Law

27/05/2021

FIA is requesting additional clarity on settlement finality and proposing that the protections in the new futures law be further expanded.

Conduct, Culture & Accountability

SFC Fines Ewarton Securities Over Staff Trading Controls

27/05/2021

A lack of internal controls resulted in Ewarton’s failure to detect and prevent unauthorised or improper activities by a licensed representative.