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.

Enforcement

Taiwan FSC Fines E.Sun Commercial Bank Over Client Theft

25/11/2020

A customer relationship manager stole TWD 140 million from 41 clients over seven years. The bank has been fined and two of its executives were suspended.

Securities / Derivatives

SGX Enhances Access to China Bond Market With New ETF

25/11/2020

The new ETF helps SGX to meet growing demand from investors for easy and efficient access to Chinese government and policy bank bonds.

AML / KYC

NSW Police, AUSTRAC Disrupt Money Laundering Operation

25/11/2020

Two men have been arrested and charged over illegal transfers of currency into offshore accounts as part of an investigation that began in June.

Market Infrastructure

MAS Offers Grants to Support Green and Sustainability-Linked Loans

25/11/2020

MAS will defray the costs associated with engaging independent sustainability assessment and advisory service providers for green and sustainability-linked loans.