Trading & Investment

SEBI Sets Out Guidelines for Operating Silver ETFs

30/11/2021

Silver ETFs will have to allocate at least 95 percent of assets to silver and silver-related exchange-traded commodity derivatives.

Anti-Bribery & Corruption

HK ICAC Arrests Nine in Corruption Probe Involving Macau Firm

30/11/2021

CPAs and audit staff are suspected of accepting bribes to compile a false accountants’ report that was submitted to HKEX for a main board listing.

Conduct, Culture & Accountability

ASIC Files Multiple Court Proceedings Against Westpac

30/11/2021

Westpac has already agreed to admit to the allegations, remediate A$80mn to customers, and pay A$113mn in penalties, subject to court approval.

Operational Risk

APRA Imposes Capital Surcharge on Heritage Bank

29/11/2021

Heritage Bank will also have to complete a remediation programme to address governance and risk management concerns.

Conduct, Culture & Accountability

MAS, IBF Offer Support to Enhance Family Office Skillsets

29/11/2021

New skills maps have been launched as a resource for training providers and FIs to design family office-related training.

Clearing & Post-Trade

CPMI, IOSCO Consider Client Clearing Access Models

29/11/2021

Improving access to client clearing is “critical” to ensuring all standardised OTC derivatives contracts are cleared through CCPs.

Supervision & Enforcement

European Commission Proposes to Strengthen Supervisory Bodies

29/11/2021

In the aftermath of the Wirecard scandal, German regulator BaFin was accused of being beholden to banking industry lobbyists and the finance ministry.

Trading & Investment

SGX Goes Live with NZX Dairy Derivatives Contracts

29/11/2021

The partnership with SGX will bring “unprecedented access” to the dairy derivatives markets, says NZX chief Mark Peterson.

Market Abuse

Hong Kong SFC Investigates Ramp-and-Dump Scam

29/11/2021

Restriction notices have been sent to two brokerage firms prohibiting them from dealing in assets worth HK$312mn held across 17 trading accounts.