Banks are required to report on all derivatives, as well as assets and liabilities that are interest-bearing, even where there is no LIBOR or PHIREF exposure.
Malaysia’s Finance Ministry is also negotiating a settlement with KPMG, which was replaced by Deloitte as auditor of 1MDB in 2013.
Principal payments of all loans of eligible corporate borrowers falling due between 1 May and 31 October 2021 should be deferred by a further six months.
MAS is concerned about financial crime risk. New cash withdrawal limits have been imposed in Myanmar. A military-owned bank has suspended operations.
BSP Issues Guidance on Reporting of LIBOR ExposuresMarch 5, 2021
IBA Publishes Beta Version of ICE SONIA IndexesMarch 5, 2021
Malaysia Secures Settlement from Deloitte to Resolve 1MDB ClaimsMarch 5, 2021
HKMA Extends Principal Payment Holiday Scheme AgainMarch 5, 2021
Singapore Banks Asked to Monitor Myanmar Fund FlowsMarch 5, 2021
Tokyo Exchange Obtains ESMA Recognition Under BMRMarch 5, 2021
Bursa Punishes RHB Representative for Unauthorised TradingMarch 5, 2021
Taiwan FSC Penalises Brokers for Lax Security ControlsMarch 5, 2021
APRA Finalises Reporting Standard for Operational Risk CapitalMarch 5, 2021
RBNZ Refines Principles Governing Insurance Solvency ReviewMarch 5, 2021