Securities / Derivatives

KiwiSaver Reform is Key to Boosting NZ Capital Markets: Report

10/09/2019

Sponsored by the FMA and NZX, an industry working group has recommended changes to the KiwiSaver scheme, saying it will become the predominant pool of retirement savings over time.

Enforcement

Tribunal Overturns SEBI Order Banning PwC from Auditing

10/09/2019

The Securities Appellate Tribunal cited a lack of evidence against PwC, and said SEBI had no jurisdiction to impose the ban in the first place.

Market Infrastructure

Japan Regulators Seek Data on Financial Firms’ Risky Investments

10/09/2019

The BOJ and FSA are collecting data on financial firms’ holdings of collateralised loan obligations and leveraged loans to understand the risks they present.

Capital / Liquidity

CBIRC Tightens Rules on Insurers’ Related-Party Transactions

10/09/2019

The CBIRC says some insurance companies have allowed their subsidiaries to use the insurers as “ATM machines”, causing “severe risks and social impact”.

Capital / Liquidity

APRA, RBNZ Approaches to Bank Capital Incompatible

10/09/2019

Citi banking analyst Brendan Sproules says APRA and the RBNZ “are pursuing radically contrasting approaches to bank sector capital adequacy”.

Fintech / Regtech

Malaysia Association Joins APAC RegTech Network

10/09/2019

The APAC RegTech Network was established by the regtech committees of the fintech associations of Hong Kong, Japan and Singapore in May.

Fintech / Regtech

Half of IT Budgets to Go to Cloud Services in 2020: Refinitiv

10/09/2019

Financial firms say public cloud projects are delivering better-than-expected cost reductions and enabling innovation, but data privacy and regulatory concerns are slowing adoption.

AML / KYC

Singapore: New Platform Targets AML Risks in Trade Finance

09/09/2019

The new electronic platform enables banks to obtain and reference data derived from trade permits issued by Singapore Customs to augment their trade finance compliance checks.

AML / KYC

SFC Asks Licensed Firms to Bolster AML/CTF Compliance

09/09/2019

Following the release of the FATF mutual evaluation report for Hong Kong, the SFC has highlighted key work areas for licensed firms and their associated entities.