Conduct, Culture & Accountability

CBIRC Fines Shanghai Pudong Development Bank For Mis-selling

05/05/2021

The fine comes two weeks after the CBIRC accused the bank of failing to fully disclose the risks of a private placement investment product to investors.

Conduct, Culture & Accountability

SEBI Issues Compensation Guidelines for Fund Managers

05/05/2021

20% of compensation of key AMC employees must be paid in the form of units of the mutual fund schemes in which they have a role or oversight.

PEPs & Sanctions

OFAC Penalises MoneyGram & SAP for Sanctions Violations

05/05/2021

In both cases, OFAC cited voluntary self-disclosures, the non-egregiousness of the violations, and remedial action as the reasons for the penalty amounts.

Climate Risk

New Zealand Launches First Carbon Efficient Indices

05/05/2021

All S&P/NZX 50 companies are covered in the new indices. Constituent weights will be adjusted based on carbon intensity and emissions performance.

Sustainable Finance

HKMA Issues Guideline on Green & Sustainable Finance Grant Scheme

05/05/2021

The grant amount for each bond issue will be half of the eligible expenses, capped at HK$2.5mn for rated bonds and HK$1.25mn  for unrated bonds.

Cloud & Infrastructure

Regulatory Reporting Lessons from Singapore and Australia

04/05/2021

MAS and APRA are among the regulators that have wholeheartedly endorsed the use of technology to improve the quality, accuracy and speed of reporting.

Trading & Investment

China: Policy Banks Pilot Direct Bidding Mechanism for Bond Issuance

04/05/2021

The pilot could mark a significant revamp in how bond issuance is carried out in China, and is seen as another step by the government to attract foreign capital.

Fraud, Scams & Cybercrime

BOT Creates Database to Guard Against Factoring Fraud

04/05/2021

The database acts as a centralised repository of factoring-related transactions to guard against counterfeiting, double financing and fraud.

Structural Regulation

Canada Establishes Regulatory Regime for Financial Benchmarks

03/05/2021

Once the regime is implemented, CDOR will become a designated benchmark with Refinitiv Benchmarks Services formally designated as its administrator.