China Empowers Auditors to Obtain Financial Information from FIs

16/02/2022

Audit firms can inquire with FIs about the accounts and deposits of entities and individuals under audit. FIs are required to provide assistance.

Enforcement

Advice Compensation Paid by Aussie Majors Tops A$3b

16/02/2022

As at end-2021, Australia’s major banks have paid or offered a total A$3.15 billion in compensation as a result of fees-for-no-service misconduct and non-compliant advice.

Market Infrastructure

Australia to Further Refine Foreign Investment Regime

16/02/2022

The government is seeking views on further refinements to the foreign investment framework to ensure it remains fit for purpose.

Fintech / Regtech

Australia Commences Review of Consumer Data Right

16/02/2022

The review will explore the extent to which implementation of the CDR drives value for consumers, increases competition, and drives innovation in data services.

Market Infrastructure

UBS, StanChart, BNP Sign On to Join VCM Initiative

16/02/2022

The initiative, now known as Carbonplace, will seek to develop infrastructure to facilitate reliable, secure, and scalable trading of high-integrity carbon credits.

Market Infrastructure

StanChart HK Becomes Direct Participant of China’s CIPS

16/02/2022

Standard Chartered Hong Kong is the first foreign bank qualified as a direct participant of China’s Cross-border Interbank Payment System in the offshore market.

Securities / Derivatives

FMSB Issues Standards on Sharing Investor Allocation Information

15/02/2022

The Standard sets out practices for syndicate banks on the sharing of investor allocation information in the fixed income primary markets.

Securities / Derivatives

RBI Allows Banks to Deal in Foreign Currency Settled OIS

15/02/2022

AD Cat-I banks are eligible to offer foreign currency settled overnight indexed swaps to persons not resident in India as well as to other AD Cat-I banks.

CBIRC Approves BlackRock JV to Commence Private Pension Trial

15/02/2022

BlackRock CCB Wealth Management will be able to launch retirement WMPs in Guangzhou and Chengdu for a one-year trial period.