Capital / Liquidity

BCBS Finalises Technical Amendments on SFT Haircuts

01/07/2021

The amendments were published for consultation in January 2021 and have been finalised as originally proposed.

HKMA Issues SPM on Supervision of Banks’ Insurance Business

01/07/2021

The HKMA’s enforcement standards with respect to insurance intermediary business of banks mirror those adopted by the IA.

Market Infrastructure

BOK to Continue Bond Market Support, Scale Back Monetary Measures

01/07/2021

The BOK is concerned that growing financial risks, household debt, and higher inflation could spark a new crisis.

Securities / Derivatives

ASIC Proposes New Guidance for Crypto-asset ETPs

01/07/2021

In ASIC’s view, only bitcoin and ether are likely to satisfy proposed criteria for determining whether a crypto-asset is appropriate as an ETP’s underlying asset.

Securities / Derivatives

SGX, Platts Partner to Provide Commodities Data, Content

01/07/2021

Titan OTC participants can access Platts’ data on commodities including iron ore, coking coal, steel, aluminum, copper, freight and battery metals.

Enforcement

FINRA Orders Record Financial Penalties Against Robinhood

01/07/2021

Robinhood has been ordered to pay $70mn for systemic supervisory failures and significant harm suffered by millions of customers.

ESG / Sustainability

UK, Singapore Commit to Deepening Regulatory Cooperation

01/07/2021

Officials agree to explore cross-border financial regulation, carbon market trading linkages, and collaboration opportunities via their BIS Innovation Hub centres.

MAS Proposes New Safeguards for Vulnerable Customers

30/06/2021

MAS proposes additional safeguards for clients receiving financial advice if they are elderly, not proficient in English, or have lower academic qualifications.

Enforcement

ASIC Product Intervention Order Upheld in Full Federal Court

30/06/2021

ASIC is entitled to consider not just the characteristics of a relevant financial product, but also the particular circumstances in which it is supplied, the Court said.