Trading & Investment

CEINEX Prepares to Launch Shanghai-Deutsche Stock Connect

21/11/2019

Under the plan, German companies will issue CDRs on the SSE, and Chinese companies will issue GDRs on the Frankfurt Stock Exchange.

Fraud, Scams & Cybercrime

Former NAB Branch Manager Sentenced for Home Loan Referral Fraud

21/11/2019

Mathew Alwan was permanently banned by ASIC last year and pleaded guilty to ‘intention to defraud’ earlier this year for making false or misleading statements to NAB.

Reporting & Disclosures

EP Association Adopts 4th Iteration of ‘Equator Principles’

21/11/2019

DBS becomes the newest of 101 financial institutions to adopt the ‘Equator Principles’, a globally recognised framework for determining, assessing and managing environment and social risk in project finance.

Resolution & Recovery

India to Increase Deposit Insurance Limit – Reports

20/11/2019

India’s finance ministry plans to increase the deposit guarantee limit to protect consumers against bank failures.

Supervision & Enforcement

APRA ‘Heatmaps’ to Expose Underperforming Super Funds

20/11/2019

The heatmap is designed to emphasise underperformance, not to be used as a peer ranking mechanism or give a pat on the back to better-performing superannuation products.

Resolution & Recovery

MCA Releases Interim Rules for Handling NBFC Insolvency

20/11/2019

The framework will serve as an interim mechanism to deal with any urgent situation at systemically important NBFCs, pending the introduction of a full resolution framework.

Structural Regulation

CSRC Solicits Comments on Revised Rules for Futures Exchanges

20/11/2019

The CSRC has revised its rules for futures exchanges to align with new developments, existing futures market practices, and international standards, as well as to improve front-line supervision.

Data Privacy

BCBS Examines Evolution, Risks of Open Banking

20/11/2019

While open banking has the potential to transform banking services and bank business models, greater attention must be paid to the risks that come with increased data sharing.

Conduct, Culture & Accountability

APRA’s New Approach to Managing Non-Financial Risks

20/11/2019

APRA has published a new information paper setting out a tougher approach to lifting standards of governance, culture, remuneration and accountability across the financial industry.