Managing Upstream Risk


PwC’s Regulatory Reform Review: An Asian perspective

August 2017

What to look forward to in the August 2017 issue:

  • Monetary Authority of Singapore publishes streamlined regulations for banks seeking to conduct permissible non-financial businesses
  • Hong Kong Monetary Authority commences resolution regime for financial institutions
  • Monetary Authority of Singapore proposes amendments to disclosure and capital requirements for Singapore banks
  • Hong Kong proposes amendments to AML/CFT regulations
  • Committee on Payments and Market Infrastructures publishes the“Principles for financial market infrastructures Level 2 assessment report for Singapore
  • Financial Stability Board publishes report on financial stability implications from Fintech
     

Other issues

Managing Upstream Risk - Issue 24

Monetary Authority of Singapore publishes streamlined regulations for banks seeking to conduct permissible non-financial businesses; Hong Kong Monetary Authority commences resolution regime for financial institutions; Monetary Authority of Singapore proposes amendments to disclosure and capital requirements for Singapore banks; Hong Kong proposes amendments to AML/CFT regulations; Committee on Payments and Market Infrastructures publishes the“Principles for financial market infrastructures Level 2 assessment report for Singapore; Financial Stability Board publishes report on financial stability implications from Fintech

Managing Upstream Risk - Issue 23

Basel Committee completes reviews of Singapore’s risk-based capital framework; Financial Stability Board publishes workplan to address the decline in correspondent banking; Monetary Authority of Singapore consults on Net Stable Funding Ratio (NSFR) and NSFR disclosure; People's Bank of China reins in wealth management products; Monetary Authority of Singapore proposes changes to Code on Collective Investment Schemes; The China Insurance Regulatory Commission revamps the equity management approach for insurers

Managing Upstream Risk - Issue 22

Financial Action Task Force publishes results of review on Singapore; Basel Committee of Banking Supervision publishes results of latest Basel III monitoring exercise; China Banking Regulatory Commission issues comprehensive risk management guidelines for commercial banks; Monetary Authority of Singapore proposes new regulatory framework and governance model for payments; Committee of Payments and Market Infrastructures publishes report on correspondent banking; The China Insurance Regulatory Commission introduces a product self-registration platform.

Managing Upstream Risk - Issue 21

MAS proposes legislative amendments to enhance the resolution regime; Basel Committee on Banking Supervision publishes a consultative document on revisions to the Basel III leverage ratio framework; Federal Reserve Board finalises rule on high-quality liquid assets; The European Banking Authority has disclosed the first list of Other Systematically Important Institutions (O-SIIs) in the EU; The China Insurance Regulatory Commission raises compliance standards for insurance companies.

Managing Upstream Risk - Issue 19

MAS proposes the removal of the DBU/ACU divide for banks, citing its decreasing relevance in an increasingly globalised regulatory environment; FSB has published its 9th progress report on the implementation of OTC derivatives market reforms, outlining the status of such reforms globally; CBRC issues measures on liquidity risk management, outlining that banks should have effective liquidity risk management structures; MAS releases a guidance on trade finance and correspondent banking, two areas identified where more robust AML/CFT controls are required; PBoC moves to regulate non-bank third party payment systems, by issuing a consultation on how to better protect against the risks of such systems; IAIS develops Higher Loss Absorbency Requirements for Global Systematically Important Insurers, a step towards develop risk-based global insurance capital standards

Managing Upstream Risk - Issue 18

MAS publishes framework for Domestic Systematically Important Banks (D-SIBs) in Singapore; A Thematic Review on Supervisory Frameworks and Approaches for Systemically Important Banks have been published by FSB4; Basel Committee consults on interest rate risk in the banking book; MAS launches consultation paper for proposed resolution regime for FIs in Singapore; EBA issues technical advice regarding contributions to the Single Resolution Fund

Managing Upstream Risk - Issue 16

FSIB has provided guidance on extending the regulations on resolution regimes and resolution planning to insurers, firms that hold client assets and financial market infrastructures; US and European regulators are pushing further in establishing a sound resolution regime for banks; Indonesia and China have unveiled plans to introduce deposit insurance schemes; MAS consults on revisions to Notice 610 and 1003; HKMA has announced its outcome of the FX investigation on Hong Kong banks

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Thangaraja Nada Raja
Director
Tel: +65 6236 3321
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