ASIC Issues Guidance on Using Superannuation Forecasting tools

07/07/2022

Under the retirement income covenant, superannuation trustees are expected to consider providing superannuation calculators or retirement estimates to members.

Securities / Derivatives

SAFE Issues New Guidelines on Exchange Rate Risk Management

06/07/2022

The guidelines will help enterprises better understand exchange rate hedging and improve their management of currency risks, SAFE said.

Fintech / Regtech

BSEC Orders Stock Exchanges to Establish Integrated Reporting Platform

06/07/2022

The DSE and CSE were instructed to consolidate their online data gathering, information submission and dissemination platforms into a single integrated platform.

Enforcement

CFTC Fines BNP, JPM for Swap Reporting Violations

06/07/2022

BNP Paribas agreed to pay USD 6 million for failing to correctly report over three million swap transactions. JPMorgan was fined USD 850,000.

Securities / Derivatives

HKEX Launches New Digital Investor Relations Platform

06/07/2022

IR Connect provides listed companies free access to shareholder analysis, market data, key stock statistics, research ratings, and competitor information.

Capital / Liquidity

JSCC to Change Margin Calculation Method for Listed Derivatives

06/07/2022

The JSCC will release VaR margin calculation software for beta testing later this year. Go-live is planned for the October-December quarter of 2023.

Capital / Liquidity

Thailand Scraps Restrictions on Bank Dividend Payouts

06/07/2022

The BOT said a stress test showed that banks are strong and have sufficient capital and reserves to cover future risks.

Securities / Derivatives

SEBI Directs Brokers to Report Cyber Threats Within Six Hours

06/07/2022

Quarterly reports must be issued containing information on cyber incidents, risk mitigation measures, bugs and vulnerabilities, and threat details.

AML / KYC

EU Council Agrees Position on Bloc-Wide AML Authority

06/07/2022

The AMLA will directly supervise certain types of credit and financial institutions, including crypto asset service providers, starting in 2026.