Licensees should have in place clear, well-understood and documented processes for identifying, recording, assessing, escalating and reporting breaches.
The new chiefs of the FSC and FSS held their first official meeting since taking office. They pledged to unite on issues such as household debt and Covid-19.
Hainan’s also plans also launch QFLP and QDLP trials and enhanced currency convertibility to facilitate cross-border trade and investment.
Rather than banning cryptocurrencies, regulators are urged to collaborate to create regulatory clarity, close loopholes and mitigate regulatory arbitrage.
APRA will disclose entity-level financial position and performance data on a quarterly basis in a new publication that will launch in Q1 2023.
ASIC says more work is needed from superannuation trustees to comply with new internal dispute resolution standards that become enforceable in October.
In a new bulletin, HKEX offers guidance on compliance with LOP reporting, client margin and block trade order execution requirements.
The BIS Innovation Hub Singapore Centre will test CBDCs for international settlements with the RBA, MAS, BNM and SARB.
South Korea is the first country to pass legislation forcing companies like Apple and Google to offer payment alternatives in their app stores.
The Financial Services Council and Financial Planning Association are developing an industry standard form to be used for advice fee disclosures.