Capital / Liquidity

APRA Removes CBA’s Remaining A$500m Capital Add-on

03/10/2022

The A$1bn capital add-on imposed on CBA in May 2018 was halved in November 2020, and has now been completely removed.

Market Infrastructure

1M, 6M Synthetic GBP LIBOR to Cease at End March, FCA Says

03/10/2022

The FCA is still considering when to cease the 3-month synthetic GBP LIBOR setting, and whether to compel IBA to produce synthetic USD LIBOR settings after mid 2023.

Enforcement

US SEC Fines Deloitte China Over Audits of US-Listed Companies

02/10/2022

Deloitte China personnel asked certain Chinese clients to select their own samples for testing and prepare their own audit documentation.

Enforcement

US SEC Fines Barclays $361m for Securities Over-issuances

02/10/2022

Barclays did not have controls in place to track offers and sales of securities against the amount of registered offers and sales.

Securities / Derivatives

SEBI Modifies Rules on Daily Price Limits for Commodity Futures

02/10/2022

Exchanges may relax the daily price limit in “exceptional circumstance” to resolve price differences between local and overseas markets.

Securities / Derivatives

SEBI Grants BSE Final Approval to Launch Gold Trading

02/10/2022

BSE has already conducted mock trading sessions for its members in a test environment to enable trading in electronic gold receipts.

Crypto / Digital Assets

SWIFT, Chainlink Working on Blockchain Interoperability POC

02/10/2022

Chainlink’s open-source cross-chain interoperability protocol will enable SWIFT messages to instruct on-chain token transfers.

Market Infrastructure

RBA Expresses Concerns Over CHESS System Delays in ASX Assessment

02/10/2022

ASX recorded a “strike” against the adoption of its remuneration report, which included a A$1.2mn bonus for former CEO Dominic Stevens despite the CHESS replacement delay.

Capital / Liquidity

EBA Considers Assessing Climate in Regular Bank Stress Tests

02/10/2022

The EBA has kicked off high level discussions on how to incorporate climate risks in regular stress tests that take place every two years.