KYC & CDD

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.

Conduct, Culture & Accountability

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.

Reporting & Disclosures

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.

Clearing & Post-Trade

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.

Climate Risk

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.

Anti-Money Laundering

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.

Cybersecurity

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.

Trading & Investment

Malaysia Completes First KLIBOR-SOFR Cross-currency Basis Swap

23/09/2020

The USD 100 million trade was the first MYR – USD cross-currency transaction referencing the USD SOFR, which will replace USD LIBOR.

Reporting & Disclosures

EBA Seeks Input from Banks on ESG Risk Disclosure Practices

23/09/2020

The survey will support the EBA’s policy work on Pillar 3 disclosure and its wider efforts to develop a robust policy framework in the area of sustainable finance.