Market Infrastructure

Global Fund Association Calls on SEBI to Delay T+1 Implementation

25/10/2021

To support T+1 settlement, FPIs and their service providers would need to completely re-engineer the settlement and funding process, ICI says in a letter to SEBI.

Enforcement

CFTC Pays Record-breaking $200m Whistleblower Award

24/10/2021

The award is the largest whistleblower payout on record, and for the first time includes an amount based on sanctions collected by a foreign regulator.

AML / KYC

Inconsistent AML Approaches Cause Cross-border Payment Frictions

23/10/2021

The FATF says inconsistent implementation of AML/CFT requirements increases cost, reduces speed, limits access and reduces transparency in cross-border payments.

Securities / Derivatives

US Fed to Bar Officials from Buying Individual Stocks, Bonds

23/10/2021

Fed policymakers and senior staff will be limited to purchasing diversified investment vehicles, such as mutual funds.

AFCA to Provide Clarity on New Compensation Scheme

23/10/2021

AFCA says it will help to provide clarity on the treatment of complaints about losses arising from financial products and financial advice.

Capital / Liquidity

RBI Finalises New Regulatory Framework for NBFCs

22/10/2021

The RBI is adopting a four-layer approach to regulating NBFCs. The new framework will take effect from 1 October 2022.

Market Infrastructure

AFMA Calls for Removal of ‘LIBOR Cap’ Imposed on Foreign Banks

22/10/2021

AFMA is concerned that the LIBOR Cap will be replaced with a capping mechanism to be determined solely by the ATO.

ESG / Sustainability

UPDATED – Chinese Banks Declare Support for Biodiversity Protection

21/10/2021

36 Chinese banking and financial institutions, 24 foreign banks and international organisations have jointly signed a biodiversity protection declaration.

Securities / Derivatives

NZX to Migrate Dairy Derivatives to SGX on 27 November

21/10/2021

NZX has amended its Clearing and Settlement Rules and Procedures, and the NZX Derivatives Market Procedures, to give effect to the migration of open interests.