Capital Adequacy

South Korea to Enhance Banks’ Ability to Absorb Losses

17/03/2023

Regulators intend to introduce a new capital buffer system which will be based on banks’ risk management and stress test results.

Climate Risk

IAIS Issues First of Three Consultations on Climate Risk

17/03/2023

The consultations are aimed at promoting a globally consistent supervisory approach to address climate-related risks in the insurance sector.

Liquidity Risk

Credit Suisse to Borrow Over $50b from Central Bank Facilities

17/03/2023

The bank will also repurchase some of its senior debt securities as part of efforts to manage its liability composition and optimise interest expense.

CBDCs

India, UAE To Collaborate on Building CBDC Bridge

16/03/2023

The RBI and CBUAE will conduct PoC and pilots on a bilateral bridge to facilitate cross-border CBDC transactions.

Cybersecurity

US SEC Proposes New Requirements to Address Cyber Risks

16/03/2023

The proposals will enhance cyber and technology risk management requirements for key entities that underpin the US securities market.

Market Abuse

SFC, ICAC Arrest Five More Ramp-and-Dump Syndicate Members

16/03/2023

The arrestees include qualified accountants and senior executives of a number of Hong Kong-listed companies, the SFC and ICAC said.

Structural Regulation

ASIC Issues Interim Stop Orders on Three BT Funds

16/03/2023

ASIC said the TMDs for three funds were “broadly drafted and failed to define key concepts” and did not meet the “appropriateness requirements” under the DDO regime.

Sustainable Finance

Thailand to Allow SMEs Issue Sustainability-Themed Bonds

16/03/2023

Regulatory amendments will enable small “businesses of all types and sizes” to offer sustainability-themed bonds.

Anti-Money Laundering

China Fines Bohai Bank for Third Time This Year

16/03/2023

The PBOC fined China Bohai Bank for committing 12 regulatory violations. The bank was fined twice last month for different violations.