Trading & Investment

FSC Korea Finalises Measures to Protect Investors From Risky Products

16/12/2019

The sale of highly complex derivative products will still be banned, but banks will be allowed to sell equity-linked trusts linked to the KOSPI 200, S&P 500, Euro Stoxx 50, HSCEI or Nikkei 225.

Trading & Investment

HKEX Finalises Enhancements to Pre-Opening Session, Volatility Controls

16/12/2019

The enhancements to the pre-opening session will be adopted in the second quarter of 2020. The stock-level volatility control mechanism will be expanded in the second half of 2020.

Supervision & Enforcement

APRA Imposes Licence Conditions on CBA-owned Avanteos Investments

13/12/2019

CBA-owned Avanteos Investments charged over 2200 deceased members adviser service fees for 15 years, resulting in a total financial impact of over A$6mn.

Conduct, Culture & Accountability

UK Senior Managers Regime Now Covers All FCA Regulated Firms

13/12/2019

All FCA regulated firms, including asset managers and hedge funds, now have to comply with the SM&CR, including for senior managers and key risk-takers hired at overseas branches.

Credit Risk

APRA Updates Prudential Standard on Credit Risk Management

13/12/2019

The revised prudential standard on credit risk management will come into effect from 1 January 2021, six months later than was proposed in a March consultation.

Conduct, Culture & Accountability

MAS Forms Culture and Conduct Steering Committee for Insurance

13/12/2019

The steering committee will monitor trends and identify emerging issues, and collaborate with MAS on initiatives to promote strong culture and conduct in Singapore’s insurance industry.

Tokenisation

CPMI Offers Guidance for Designers of Wholesale Digital Tokens

12/12/2019

The report describes the potential innovations and design questions associated with digital tokens that could be used to settle large-value payments.

Emerging Prudential Risks

Geopolitical Risk Surpasses Cyber as Top Overall Risk: Survey

12/12/2019

Geopolitical risk & trade tensions was cited as the top overall risk for 2020 in DTCC’s annual Systemic Risk Barometer Survey, though cyber was cited more frequently as a ‘top 5 risk’.

Clearing & Post-Trade

LSEG to Provide Post Trade Technology for Philippine Bourse

12/12/2019

The Securities Clearing Corporation of the Philippines will use LSEG technology to enhance its clearing, settlement, risk and collateral management capabilities.