Market Infrastructure

RBA Suffers, and Recovers from, Four-Hour Outage

14/10/2022

The outage disrupted real-time and overnight payments routed through the NPP, causing a backlog of transactions which the RBA is working to clear.

Securities / Derivatives

Taiwan FSC Further Tightens Short Selling Rules

14/10/2022

The FSC already tightened its short selling regulations at the beginning of this month to stabilise the local stock market.

ESG / Sustainability

FSB Finalises Guidance on Climate-related Financial Risks

13/10/2022

The guidance covers the collection of data from FIs, supervisory tools such as scenario analysis, and the development of macroprudential tools.

Enforcement

US SEC Probing Funds, Advisers on Staff Messaging Practices

13/10/2022

The SEC’s probe into the use of personal devices and messaging apps has reportedly expanded beyond broker-dealers to include investment funds and advisers.

Crypto / Digital Assets

BNY Mellon Launches Digital Asset Custody Platform

13/10/2022

BNY Mellon is the first systemically important US bank to launch a crypto custody platform, leveraging technology from Fireblocks and Chainalysis.

Securities / Derivatives

US SEC Approves Update to Electronic Recordkeeping Rule

13/10/2022

The amendments add an audit-trail alternative allowing electronic records to be preserved in a way that permits recreation if original records are altered, over-written, or erased.

Fintech / Regtech

IOSCO Offers Guidance on Curbing Online Misconduct

13/10/2022

IOSCO’s new report offers recommendations to address risks from online marketing and distribution of financial products targeting retail investors.

Hong Kong Launches Sustainable Finance Internship Initiative

13/10/2022

A centralised repository has been launched offering information about green and sustainable finance internship openings offered by FIs and other companies.

Enforcement

APRA Orders RACQ to Uplift Risk, Compliance Frameworks

12/10/2022

APRA identified issues with RACQ’s risk and compliance framework and practices, unclear accountabilities, and an “immature risk culture”.