Credit Risk

RBI Tightens Rules on Disclosing NPA, Provisioning Divergences

18/10/2022

Norms that apply to commercial banks on disclosing NPA and provisioning divergences are being tightened, and extended to UCBs.

Trading & Investment

Malaysia is Liberalising Funds Industry, Says SC Chairman

18/10/2022

The SC is allowing retail funds to have exposure to digital assets and other alternative assets. Similar plans are intended for wholesale funds.

Anti-Bribery & Corruption

HK Regulator Urges Insurers to Cooperate with ICAC Investigations

18/10/2022

The Insurance Authority asks insurance CEOs to promptly respond to requests to produce evidence for corruption investigations.

Anti-Money Laundering

IMF Publishes Guide to Beneficial Ownership Transparency

18/10/2022

Despite guidance issued by the FATF over the years, effective implementation of beneficial ownership requirements is still a challenge for many countries, says the IMF’s Bo Li.

Structural Regulation

CSRC Proposes to Relax Restrictions on Share Buybacks

18/10/2022

The rule changes relax some restrictions on share buybacks, enabling listed companies to better support their stock prices.

Structural Regulation

SEBI Sets Out Governance Requirements for Social Stock Exchanges

18/10/2022

A seven-member governing council must be constituted before SEBI will grant final approval for the launch of a social stock exchange.

Fraud, Scams & Cybercrime

China Directs CPAs to Target Financial Fraud in Audits

18/10/2022

CPAs and accounting firms are directed to identify and fix weak links in their audit processes, and improve their ability to deal with financial fraud.

Emerging Prudential Risks

RBNZ Concludes First Consultation on Monetary Policy Remit

18/10/2022

Many respondents felt climate change should not be included in monetary policy decision-making, and that the RBNZ should increase its emphasis on price stability.

Trading & Investment

RBI Directs Bank to Reduce Activity in Offshore Rupee Market

18/10/2022

The RBI started allowing local banks to participate in the NDF market in 2020, but their activity is adding further downward pressure on the rupee.