Capital / Liquidity

SEC Thailand Proposes Measures to Protect Funds from Panic Selling

18/03/2021

The SEC is considering imposing conditions for investors seeking to redeem mutual fund units, among other measures to enhance liquidity management at funds.

ESG / Sustainability

CFTC Establishes New Dedicated Unit for Climate Risk

18/03/2021

Other US financial regulators including the SEC, Treasury Department and Federal Reserve have also recently raised climate risk and a key focus.

Capital / Liquidity

APRA to Update Licensing Approach for New Banking Entrants

18/03/2021

The proposed approach will support newly licensed banks so they are better equipped to succeed, according to APRA Deputy Chair John Lonsdale.

Market Infrastructure

Refinitiv to Publish Spread Adjusted SOFR for Cash Products

18/03/2021

Following an RFP process initiated in September, the ARRC has selected Refinitiv to publish spread-adjusted fallback rates for use in cash product contracts.

AML / KYC

FATF to Study Unintended Consequences of the FATF Standards

18/03/2021

The project will study issues such as de-risking, financial exclusion, the suppression of the NPO sector and threats to fundamental human rights.

AML / KYC

SFC Fines Yardley Securities for AML/CFT Breaches

17/03/2021

Yardley Securities processed and approved third party fund transfers without proper due diligence. Staff were not aware their employer had an MLRO.

Capital / Liquidity

Banks Facing FRTB Data and Modeling Difficulties

17/03/2021

Data was the number one challenge identified for FRTB implementation, with 59% of 131 respondents to a Bloomberg poll citing it as their main challenge.

Securities / Derivatives

PSE Proposes Tighter Rules for Listings via Reverse Takeover

17/03/2021

Companies will be required to conduct a public offering of at least 10 percent of their shares within one year from closing a transaction that results in a backdoor listing.

Enforcement

Australia Considers Legislation to Make Boards Liable for Cyber Risk

17/03/2021

Legislation currently before Parliament includes security obligations for entities responsible for critical infrastructure, a list that will be significantly expanded.