Securities / Derivatives

SEBI Updates Risk Management Framework for Mutual Funds, AMCs

30/09/2021

Mutual funds and AMCs will be required to maintain mandatory metrics on investment risk, liquidity risk and credit risk, and perform stress tests at least monthly.

Securities / Derivatives

APRA Revises Investment Governance Standards for Super Funds

29/09/2021

A new consultation proposes enhancements to stress testing, valuation and liquidity management practices that will take effect from 1 January 2023.

AML / KYC

Hong Kong Sees Spike in Investment Scam Losses – Report

29/09/2021

Victims lost HKD 2.5 billion from investment scams between January and July, a 20-fold increase compared to the same period last year.

Market Infrastructure

RBA Issues Recommendations to Address Risk Issues at ASX

29/09/2021

The RBA has asked ASX to address operational risk and governance issues, as well as develop a framework to address margin procyclicality.

Enforcement

Ex-CBIRC Official Took Bribes During Baoshang Takeover – Report

29/09/2021

Li Guorong is accused of taking bribes from entrepreneurs while serving as deputy head of a team appointed to take over Baoshang Bank.

CBIRC Urges Mainland Insurers to Issue Cat Bonds in HK

29/09/2021

The issuance of catastrophe bonds in Hong Kong can help diversify Mainland insurers’ losses from natural disasters and enhance the risk-sharing mechanism.

Enforcement

Shenzhen Regulator Launches Probe into Evergrande Wealth

29/09/2021

The Shenzhen Financial Regulatory Bureau said a “thorough investigation” into Evergrande Wealth has been launched following investor demands for an inquiry.

AML / KYC

AUSTRAC Outlines Planned Enhancements to Reporting System

29/09/2021

A four-year transformation programme will introduce a “modern and intuitive user interface” and high-speed channels for file uploads, among other changes.

Market Infrastructure

RBI Amends FX Rules for Exports to Facilitate LIBOR Transition

29/09/2021

Under the amendment, authorised dealer banks can use ARRs in place of LIBOR for interest payable in export/import transactions.