Enforcement

SFC Bans Ex Sun Hung Kai Account Exec Over Discretionary Trading

26/11/2020

The former licensed representative effected transactions in two clients’ accounts on a discretionary basis without obtaining prior written authorisations or senior management approval.

Capital / Liquidity

APRA to Integrate AASB 17 with Capital, Reporting Frameworks

26/11/2020

A failure to update the frameworks would result in insurers needing to maintain dual valuation, actuarial, accounting and reporting systems, APRA says.

Market Infrastructure

Australia Concludes Review of Retirement Income System

26/11/2020

The review signals little urgency to increase compulsory employer superannuation payments, as legislated, to 12 percent by 2025.

Market Infrastructure

BOT Relaxes Investment Restrictions to Hold Down Baht

26/11/2020

The changes will make it easier for residents to invest overseas and hold foreign currency at local banks. ETFs tracking foreign securities will be allowed to list in Thailand.

Market Infrastructure

ORX Expands Operational Risk Taxonomy for Financial Services

26/11/2020

The 2020 iteration of the taxonomy has been extended to include operational risks causes and impacts, to allows firms to add context to their data.

Market Infrastructure

NZX Formalises Role of Technology Committee in Enhancing Governance

26/11/2020

The specialist committee was established in April as an interim measure in response to technical issues stemming from record trading volumes.

Enforcement

SFC Bans Ex-StanChart Banker For Concealing Personal Trades

25/11/2020

The SFC’s decision followed a referral from the HKMA, which discovered that the former banker also wilfully misrepresented himself to the Appeals Tribunal.

Capital / Liquidity

RBA Speeds Up Timeline for Higher HQLA Holdings by Banks

25/11/2020

Initially planned to be achieved through a gradual increase until 2024, the RBA said banks can increase their holdings of HQLA to 30 percent by end-2021.

Securities / Derivatives

IOSCO Outlines Priority Areas of Work for Year Ahead

25/11/2020

At its 45th Annual Meeting, the IOSCO Board approved two additional priority themes for 2021 as well as further work to promote consistent sustainable finance disclosures.