In its latest progress report on benchmark reform implementation, the FSB calls for "significant and sustained efforts" to transition away from LIBOR by end-2021.
The work programme for 2020 reflects the evolving nature of the global financial system and associated risks to financial stability, the FSB says.
NAB is alleged to have broken the law more than 12,000 times by charging customers fees for no service and issuing defective fee disclosure statements.
Leissner has agreed to be permanently barred from the securities industry for violating antibribery, internal accounting controls, and books and records provisions of federal securities laws.
The State Council has asked banks to further lower financing costs for small and micro businesses and to increase lending to such businesses by 20% over the next year.
The guidance includes proposed regulatory measures to address potential conflicts of interest and associated conduct risks that could arise in the debt capital raising process.
The HKMA says it will finalise Hong Kong’s timeline when there is more clarity on the implementation status in other major jurisdictions.
ASIC has observed improvements by a "significant number of trustees" as a result of the industry’s implementation of the Insurance in Superannuation Voluntary Code of Practice.
New OECD research has found a strong likelihood of misalignment between the risk profiles of some financial consumers and the riskiness of cryptoassets.
Asset management companies can provide management and advisory services to "appropriately regulated entities" such as pension funds, insurance companies, banks and mutual funds.