Securities / Derivatives

NZ RegCo Launches as NZX’s Listed Markets Regulator

13/12/2020

The now stand-alone, independently-governed agency will perform all of NZX’s frontline regulatory functions, with its Board providing support.

APRA Directs Financial Firms to Use New D2A for Reporting From April

13/12/2020

APRA says entities should upgrade all instances of D2A between now and 31 March 2021. All submissions after 31 March 2021 must be made using D2A version 6.

Securities / Derivatives

SFC to Raise Competency Bar for Licensees, With Some Flexibilities

13/12/2020

Among the changes, the SFC proposes tougher requirements for advisers on Takeovers Code transactions, to address concerns about the poor quality of work in this area.

Capital / Liquidity

APRA Publishes New FAQs for ADIs on Liquidity

13/12/2020

APRA has published new FAQs for ADIs on minimum liquidity holdings, mortgage warehouse facilities and calculation of collateral outflows.

Securities / Derivatives

S&P DJI Announces Removal of Chinese Companies from Indices

13/12/2020

The move follows last month’s executive order prohibiting US persons from purchasing securities of companies identified as being owned or controlled by China’s military.

Market Infrastructure

APRA Publishes Findings From Big Banks’ BEAR Implementation Review

11/12/2020

CBA had the most developed approach to implement the BEAR, benefitting from the execution of its remedial action plan associated with the Prudential Inquiry.

Capital / Liquidity

APRA Lowers Allianz Capital Charge to Reflect Better Risk Governance

10/12/2020

In recognition of progress to address risk governance issues, APRA has reduced Allianz’s additional capital requirement from A$250mn to A$150mn.

Capital / Liquidity

APRA Finalises Updates to Bank Liquidity Reporting Rules

10/12/2020

APRA has extended the due dates for a number of quarterly reporting forms by 7 calendar days, in line with a November 2019 consultation.

Big Picture

APAC Overtook US in AML Penalties For 2020: Fenergo

10/12/2020

APAC has overtaken the US in terms of the value of enforcement actions for the first time since 2015, largely due to the Goldman and Westpac cases.