Market Risk

BSP Approves New Risk Management Guidelines for Banks

29/07/2019

The guidelines seek to ensure that risks from banks’ investment activities are effectively identified, measured, monitored and controlled.

Emerging Prudential Risks

PBOC Issues Draft Rules for Financial Holding Companies

29/07/2019

Financial holding companies controlled by non-financial enterprises that meet certain conditions will be supervised by the PBOC, with licences issued by the State Council.

Data Privacy

NAB Notifies 13,000 Customers of Data Breach

29/07/2019

Australia’s fourth largest bank says the personal data uploaded to servers without authorisation was not copied or further disclosed, and has since been deleted.

Trading & Investment

SSE Star Market Stocks to Be Included in Stock Connect

28/07/2019

A shares listed on the SSE Star Market will be eligible for northbound trading once relevant business and technical preparations are completed.

Structural Regulation

Hong Kong Cracks Down on Backdoor Listings, Shell Activities

28/07/2019

Effective from 1 October, new rules from HKEX will prohibit large disposals of businesses or assets by listed companies for three years following a change in control.

Structural Regulation

New Zealand Implements Asia Region Funds Passport

28/07/2019

New Zealand joins Australia, Japan and Thailand in having implemented the legal and regulatory requirements to enable the Asia Region Funds Passport.

Structural Regulation

UPDATED – ASIC to Review Active ETF Rules on Market Making

26/07/2019

ASIC has asked market operators not to admit any managed funds that do not disclose their portfolio holdings daily and have internal market makers, while it undertakes a review of its regulatory settings.

Operational Risk

CCP12 Publishes Best Practices to Address Outsourcing Risk

26/07/2019

As CCPs move to more complex supply chain models, proper oversight mechanisms and controls need to be in place to manage the risks introduced by third-parties.

Conduct, Culture & Accountability

FMA to Open Applications for New Adviser Licences in November

26/07/2019

Announced last month, the new licensing regime will require financial advisers to operate under a new transitional licence from June 2020.