Conduct, Culture & Accountability

Australia Releases Terms of Reference for Quality of Advice Review

18/03/2022

The review presents will assess how the regulatory framework for financial advice could deliver better outcomes for consumers.

Trading & Investment

Thai SEC, World Bank Partner on Capital Markets Development

18/03/2022

The study will help the SEC ensure the capital market is responsive to the needs of investors and serves as a key mechanism to drive the economy towards sustainable growth.

Clearing & Post-Trade

ASIC Expresses “Significant Concern” Over 4-Hour Outage at ASX

18/03/2022

After the incident on Thursday, ASIC said it views the outage with “significant concern” due to its “significant impact” on the market, market participants and investors.

AI Risk & Governance

BCBS Assesses Bank Use of AI & Machine Learning

18/03/2022

The BCBS is exploring banks’ use of AI/ML, specifically in the areas of explainability, governance, and resilience and financial stability.

Capital Adequacy

RBNZ Proposes to Allow Mutual Banks to Issue Capital Instruments

18/03/2022

Mutual banks are currently unable to issue CET1 capital instruments, making it difficult for them to raise loss-absorbing capital, restricting their lending growth, and impairing their ability to compete.

Emerging Prudential Risks

China Shelves Plans to Expand Property Tax Trial

18/03/2022

There are “no suitable conditions” to pilot the property tax reform in more cities this year, China’s finance ministry said.

Trading & Investment

SGX Selects Tata Consultancy Services to Power GIFT Connect

17/03/2022

The GIFT Connect system will permit SGX members to place orders on NSE IFSC using FIX/proprietary APIs or the TCS BaNCS dealing terminal.

Reporting & Disclosures

SGX RegCo Announces Sustainability Training Courses for Directors

17/03/2022

Board directors of SGX listed equity issuers are required to undergo mandatory sustainability training and provide confirmation in sustainability reports.

Conduct, Culture & Accountability

Seoul Court Upholds FSS Reprimand Against Hana Vice Chair

17/03/2022

The court ruled that Hana Financial Group vice chairman Ham Young-joo was responsible for failing to protect retail investors from high risk financial products.