Conduct, Culture & Accountability

New Zealand FMA Sets Out Key Focus Areas, Strategic Objectives

24/07/2019

The FMA is prioritising governance, culture, systems and controls, as well as mechanisms to deter misconduct and facilitate informed decision-making by investors and customers.

Conduct, Culture & Accountability

APRA Proposes New Prudential Standard on Executive Pay

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.

Cloud & Infrastructure

SFA, AFIN Agree to Jointly Promote Fintech Marketplace APIX

24/07/2019

The Singapore Fintech Association will leverage its network to promote the APIX platform to fintech firms worldwide, while AFIN connects banks with fintechs through the platform.

Trading & Investment

BSE, SSE to Explore Dual Listings, Offshore RMB Products

23/07/2019

BSE India and the Shanghai Stock Exchange have agreed to develop communication channels to facilitate cross-border capital market cooperation.

Market Risk

BCBS, IOSCO Agree One-year Phased Extension of Initial Margin Rules

23/07/2019

Initial margin requirements for firms with uncleared derivatives exceeding $8bn have been extended to September 2021; firms exceeding a $50bn threshold will have to comply in September 2020.

Credit Risk

RBI Urges Better Risk Monitoring, Faster NPA Resolution at State Banks

23/07/2019

RBI governor Shaktikanta Das asked state-owned banks to speed up bad debt recovery efforts, strengthen internal controls and risk monitoring, and help fix the ongoing NBFC liquidity crisis.

Data Privacy

Australia to Re-Introduce Open Banking Legislation This Week

23/07/2019

The Australian Banking Association welcomes the re-introduction of the legislation, following a lapse earlier this year when the federal parliament was dissolved.

Fraud, Scams & Cybercrime

Hong Kong ICAC Charges Five More Individuals in Convoy Case

23/07/2019

Six individuals are now charged with conspiracy to defraud the Hong Kong stock exchange and the board of directors, shareholders and investors of Convoy.

Trading & Investment

China Kicks Off Trading in New SSE STAR Market

23/07/2019

The first batch of 25 stocks raised over $5.4bn and ended the day higher by an average of 140% from their IPO prices, with some rising as much as 520% during the session.