Climate Risk

Australia Can Do More to Facilitate Sustainable Recovery: OECD

15/09/2021

The OECD recommends the creation of a roadmap for improving reporting of climate-related risks by listed companies and financial institutions.

Market Risk

MAS Issues Draft Standards for Market Risk Capital

15/09/2021

MAS seeks feedback on draft provisions in Notice 637 relating to market risk capital and capital reporting requirements.

Fraud, Scams & Cybercrime

Australia: Members Equity Bank Facing 62 Criminal Charges

15/09/2021

ASIC says ME Bank made false or misleading representations about interest rates and repayment amounts to home loan clients.

Trading & Investment

Southbound Bond Connect to Launch on 24 September

15/09/2021

Southbound trading under Bond Connect will have an initial daily quota of CNY 20 billion and an annual quota of CNY 500 billion.

Structural Regulation

Australia Appoints Inaugural Members to FRAA

15/09/2021

Nicholas Moore, ex-CEO of Macquarie Group, has been appointed as Chair of the Financial Regulator Assessment Authority, which will oversee ASIC and APRA.

Clearing & Post-Trade

Bursa Malaysia to Explore Dematerialised Structured Warrants

15/09/2021

Digital Asset, VMware, Macquarie Capital Securities and Maybank Investment Bank will participate in the dematerialisation proof-of-concept.

Payments & Settlements

RBI Opens Applications for Third Sandbox Cohort

15/09/2021

Six entities from the first cohort on retail payments have exited the sandbox. The second cohort on cross-border payments is commencing testing this month.

Payments & Settlements

ACCC Authorises Amalgamation of BPAY, eftpos, NPPA

15/09/2021

The ACCC said the merger will enable the three payment schemes to coordinate investment proposals, avoid duplicative spending, and likely result in public benefit.

Payments & Settlements

CLS, Global Banks Collaboration on PvP Settlement in FX Market

14/09/2021

Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.