AML / KYC

HKMA Issues Guidance on Remote Onboarding of Corporate Clients

25/09/2020

Onboarding processes should be designed reflecting the principle that CDD is not merely a document collection exercise, the HKMA says.

Market Infrastructure

FCA Consults on Regulatory Approach for International Firms

24/09/2020

The FCA is seeking views on its approach to authorising international firms that wish to provide financial services in the UK post-Brexit.

Securities / Derivatives

FMA Blocks CLSA Premium NZ From Offering Derivatives

24/09/2020

The licence conditions will remain in place until CLSA Premium NZ lodges its audit and assurance reports for 2019.

Securities / Derivatives

ASIC Issues Report on Debt Capital Raising Conflicts of Interest

24/09/2020

ASIC’s report, in alignment with a report from IOSCO, offers better practices to manage conflicts of interest and conduct risks in debt capital market transactions.

ESG / Sustainability

WEF Announces Common Metrics for ESG Reporting

24/09/2020

The metrics were developed with Deloitte, EY, KPMG and PwC in an open consultation process with corporates, investors, standard-setters, NGOs and international organisations.

Securities / Derivatives

HKEX Preparing to Launch New IPO Platform, FiNI

24/09/2020

The new IPO platform will streamline current IPO processes and shorten the time between IPO pricing and the listing of new shares.

ESG / Sustainability

Korea FSS Calls on Financial Sector to Disclose Climate Risks

24/09/2020

The FSS plans to release guidelines on the disclosure of environmental information and develop a tool to stress test financial resilience to climate risk.

AML / KYC

Westpac, AUSTRAC Close to Settlement Over AML Breaches

24/09/2020

The final penalty amount, which could reach as high as A$1.5bn, is expected to be announced at a joint press conference in coming days.

Securities / Derivatives

SFC Identifies Cybersecurity Deficiencies at Internet Brokers

23/09/2020

The SFC found deficiencies relating to two-factor authentication, data encryption, session timeout, monitoring and surveillance, among other areas.