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Big Picture
FSB Highlights Market Fragmentation Issues in Letter to G20
By Manesh Samtani | 15/10/2019
In a letter to the G20 finance ministers and central bank governors, the FSB says the development of post-crisis reforms is “nearly complete”, but implementation progress remains uneven.
Capital / Liquidity
US Fed Finalises Easier Capital, Liquidity Rules for Banks
By Editors | 14/10/2019
Banks that present less risk, including foreign banks, will have reduced requirements. An idea to subject US branches of foreign banks to new liquidity requirements has also been dropped.
Market Infrastructure
FSB, IMF Report Progress on G20 Data Gaps Initiative
By Editors | 14/10/2019
The report notes that China is one of the countries that has outstanding issues with removing barriers to full trade reporting and access to trade repository data.
Securities / Derivatives
Governance of OTC Derivatives Data Elements Finalised
By Editors | 10/10/2019
The FSB has now published the final governance arrangements for both the UTI and UPI, while CPMI-IOSCO has published the same for the other critical data elements.
Market Infrastructure
BNM to Require FIs to Report Climate-related Exposures
By Editors | 02/10/2019
Malaysia’s central bank will use the reported data to set new regulatory standards that better reflect the risks from climate-related exposures.
Market Infrastructure
Singapore FIs Need Stronger Cyber Risk Culture: MAS CSAP
By Editors | 01/10/2019
CSAP members cite poor risk culture as a frequent contributing factor during cyber incidents, highlighting that clear expectations must be set at the board and senior management level.
Big Picture
Climate Risk Resilience Vital for Financial Stability: S&P
By Manesh Samtani | 16/09/2019
Banks need to act now to minimise future climate-related costs and the impact on their creditworthiness, says a new report from S&P Global Ratings.
Market Infrastructure
Japan Regulators Seek Data on Financial Firms’ Risky Investments
By Editors | 10/09/2019
The BOJ and FSA are collecting data on financial firms’ holdings of collateralised loan obligations and leveraged loans to understand the risks they present.
Capital / Liquidity
HKMA Introduces New Liquidity Facilities for Banks
By Manesh Samtani | 27/08/2019
The updated Liquidity Facilities Framework is part of ongoing work to maintain the integrity and stability of Hong Kong’s monetary and financial systems, said HKMA chief Norman Chan.
Market Infrastructure
APRA Proposes New Prudential Standard on Executive Pay
By Editors | 24/07/2019
Key proposals include limits on the financial performance component of variable compensation, a 7-year deferral period for executive bonuses, and claw back for up to 4 years.
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