Enforcement

RBNZ Consults on Approach to Enforcement Decision-making

14/10/2021

A new consultation paper seeks feedback on the principles and criteria which will guide the RBNZ’s enforcement decision-making process moving forward.

Securities / Derivatives

SEBI Orders Mutual Funds to Direct More Trades to RFQ Platforms

13/10/2021

From 1 December, 25% of mutual funds’ corporate bond trades must be directed through RFQ platforms of stock exchanges.

ASIC Calls for Review of Non-compliant Whistleblower Policies

13/10/2021

Some policies inaccurately refer to obsolete requirements for whistleblowers to identify themselves or make disclosures in good faith or without malice to qualify for protection.

Enforcement

China Launches Inspections of Financial Regulators, State Banks

13/10/2021

Inspection teams will be dispatched to the PBOC, CBIRC, CSRC, stock exchanges, and state-owned banks and asset managers to identify corruption.

Fintech / Regtech

G7 Ministers to Endorse Guiding Principles for CBDC – Report

13/10/2021

The principles call for appropriate regulation and oversight, rigorous privacy and data protection standards, and safeguards to prevent fraud and sanctions evasion.

ESG / Sustainability

Japan to Consider Removal of Quarterly Reporting Requirement

13/10/2021

While some argue quarterly reporting helps investors make more informed judgments, regulators worry it incentivises short term profit seeking behaviour.

Market Infrastructure

ARRC Publishes Spread-Adjusted Fallback Recommendations

12/10/2021

The document provides a reference point for market participants to understand the ARRC’s current recommendations in relation to its fallback language.

Market Infrastructure

FSB Reports Progress on NBFI Risks, Cross-border Payments

12/10/2021

A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.

Market Infrastructure

IBA Publishes ‘Beta’ Rates for SOFR Interest Rate Swaps

11/10/2021

The new rates will assist the non-linear market in its transition to SOFR, IBA said. Currently they are being published solely for information and illustration purposes.