Liquidity Risk

APRA, RBA to Discontinue Committed Liquidity Facility

10/09/2021

APRA and the RBA consider there to be sufficient HQLA for banks to meet LCR requirements and for the foreseeable future without the need to utilise the CLF.

KYC & CDD

Taiwan to Revise Authentication Rules to Facilitate Digital Banking

10/09/2021

The new rules allow banks to use biometric authentication methods to fulfill identity authentication requirements for internet-based applications.

Sustainable Finance

ISDA Publishes New Papers Examining ESG Market

10/09/2021

The papers focus on KPIs for sustainability-linked derivatives and the accounting treatment for ESG transactions.

Trading & Investment

First BlackRock Mutual Fund in China Raises $1bn

10/09/2021

BlackRock is the first foreign asset manager to launch a wholly-owned onshore mutual fund business in China.

Sustainable Finance

Australian Carbon Exchange Expected to Launch in 2023

10/09/2021

Australia’s Clean Energy Regulator has invited 13 companies including ASX to participate in an RFP to develop an exchange-traded market and registry for carbon offset units.

Supervision & Enforcement

Australian Court Fines Allianz, AWP for Deceptive Conduct

09/09/2021

Allianz and AWP will pay a total AUD 1.5 million for engaging in misleading and deceptive conduct when selling travel insurance.

Anti-Bribery & Corruption

Hong Kong ICAC Charges Ex-HSBC Banker for Accepting Bribes

09/09/2021

The bribes were paid as an inducement to or reward for the ex-banker to conceal the identity of the ultimate controller of two SMEs that obtained loans from HSBC.

Supervision & Enforcement

APRA Finds Praise in Survey of Regulated Entities

09/09/2021

APRA’s supervision helps to protect banking, insurance and superannuation industries, say 95 percent of regulated entities.

Conduct, Culture & Accountability

Court Finds Colonial First State Engaged in Misleading Conduct

09/09/2021

The Federal Court found that Colonial First State misled its customers to encourage them not to transfer their superannuation to a lower cost MySuper product.