Securities / Derivatives

NZX, EEX to Jointly Pursue Carbon Market Opportunities

12/12/2019

NZX believes that the transparency and security of a regulated market like the European Energy Exchange will add value to the existing carbon market in New Zealand.

Securities / Derivatives

KRX to Simplify KOSDAQ Listing Requirements Next Year

12/12/2019

Korea Exchange plans to reform the listing requirements of the KOSDAQ market by shifting the focus to the future growth potential of companies.

Securities / Derivatives

Fiji, PNG Stock Exchanges Sign MoU on Joint Market Development

12/12/2019

Fiji’s SPX has signed an MoU with Papua New Guinea’s national stock exchange to cooperate on capital markets development, following from a similar MoU with NZX earlier this year.

Capital / Liquidity

APRA Issues Final Operational Risk Requirements for ADIs

12/12/2019

The prudential standard comes into effect from 1 January 2021 for ADIs using advanced measurement approaches to calculate the required capital for operational risk.

ESG / Sustainability

Japan to Revise Stewardship Code to Include ESG Factors

12/12/2019

The proposed revisions could be adopted as early as March, increasing the focus on ESG factors for institutional investors in Japan.

ESG / Sustainability

ASIC Launches Climate Risk Governance Surveillance Programme

12/12/2019

ASIC has started contacting large companies as part of an investigation into climate risk governance. The findings are expected in July 2020.

AML / KYC

HSBC Switzerland to Pay $192mn to Settle US Tax Evasion Probe

12/12/2019

HSBC Switzerland has admitted to conspiring with US taxpayers to evade taxes and helping them to hide more than $1bn in assets from tax authorities.

Market Infrastructure

CPMI, IOSCO Share Lessons of Supervisory Cooperation on Market Infrastructures

12/12/2019

Among the key features of successful cooperative arrangements are strong, trusted relationships between authorities and a willingness to exchange information.

Market Infrastructure

China Issues Revised Trading Rules for Interbank FX Market

12/12/2019

The rules are intended for both domestic and foreign institutions, in line with recent draft rules from SAFE that sought to allow foreign firms to trade RMB foreign exchange derivatives.