Trading & Investment

LME Hit with Lawsuits Over Nickel Trade Cancellations

07/06/2022

Judicial review claims from Elliott Associates and Jane Street Global Trading challenge LME’s decisions to cancel nickel trades in March.

Structural Regulation

ASIC Announces Updated Financial Reporting Rules for AFS Licensees

07/06/2022

AFS licensees’ financial reports must contain disclosures consistent with the financial reports of other for-profit entities, prepared under AASB standards.

Credit Risk

CBIRC Directs FIs to Offer Additional Relief to Covid-Hit Sectors

07/06/2022

The CBIRC is asking banks and insurers to improve the financial services they provide to enterprises in industries affected by Covid-19.

Fraud, Scams & Cybercrime

RBI Opens Applications for Fourth Sandbox Cohort

06/06/2022

The fourth sandbox cohort will focus on preventing fraud. Eight entities have also been selected to participate in the third cohort on MSME lending.

Structural Regulation

ASX Finalises Changes to Issuer Services Fee Model

06/06/2022

The changes will take effect from 1 July and result in a “substantially simpler, clearer and more predictable” fee model, ASX says.

Tokenisation

Hong Kong SFC Issues Warning on NFT-related Risks

06/06/2022

Some NFTs have ‘crossed the boundary’ between a collectible and a financial asset, which would bring them under the SFC’s remit and require licensing.

Operational Risk

HSBC, Hang Seng Suffer Internet Banking, ATM Disruption

06/06/2022

Finance sector legislator Chan Chun-ying said he expects the HKMA to demand detailed reports on the incident from the two banks.

Anti-Money Laundering

EU Proposes to Make AML Compliance a Licence Condition

05/06/2022

EBA, EIOPA and ESMA propose that AML/CTF compliance be a specific requirement for firms, including crypto firms, to obtain and maintain their licences.

Emerging Prudential Risks

RBNZ Proposes Changes to its Monetary Policy Remit

05/06/2022

The RBNZ suggests housing market objectives be excluded from the remit, just a year after it was amended to include house price considerations.