ESG / Sustainability

ECB Publishes Climate-related Statistical Indicators

26/01/2023

The indicators are a first step to help narrow the climate data gap, said ECB executive board member Isabel Schnabel.

Enforcement

Australia: Tax Practitioners Board Bans Ex-PwC Partner for Two Years

26/01/2023

Former PwC tax partner Peter-John Collins leaked information about confidential tax reforms being proposed at the time.

Enforcement

Taiwan Fines Foxconn Over Unapproved China Investment

26/01/2023

A Foxconn subsidiary acquired a stake in China’s Tsinghua Unigroup in July last year, without seeking regulatory approval.

Capital / Liquidity

RBNZ to Progress Changes to Connected Exposures Policy

26/01/2023

The RBNZ intends to progress with proposals made in its November 2021 consultation, with some amendments following stakeholder feedback.

Enforcement

APRA Imposes Licence Conditions on Super Fund Trustee

25/01/2023

In APRA’s 2022 ‘MySuper Heatmap’, only one other super fund trustee charged more in administration fees than Diversa Trustees’ product.

Securities / Derivatives

CSRC Grants QDII Status to Morgan Stanley Unit

25/01/2023

Morgan Stanley Huaxin Fund Management is the 10th asset manager to obtain QDII status, which allows firms to invest offshore for mainland investors.

Enforcement

Korean Regulator Promises to Punish Convertible Bond Abuse

25/01/2023

The FSS says unfair trade practices and market manipulation are occurring in private placements of convertible bonds.

AML / KYC

France Maintains Public Access to Beneficial Owners Register

25/01/2023

The French government plans to define the future methods of access “soon”, taking into account the November decision by the CJEU.

JFSA, ECB Agree to Cooperate on Banking Supervision

25/01/2023

The Memorandum of Cooperation covers procedures for information sharing and on-site visits, and the permissible uses and confidentiality of information shared.