Conduct, Culture & Accountability

RBI to Require Banks, NBFCs to Seek Annual Auditor Approval

03/05/2021

Banks and NBFCs will be required to obtain approval for the appointment and reappointment of their statutory auditors on an annual basis.

Fraud, Scams & Cybercrime

SG Police Lays 23 Forgery Charges Against Hin Leong Founder

03/05/2021

Lim Oon Kuin now faces a total of 25 charges – 14 counts of abetment of forgery for the purpose of cheating, and 11 counts of abetment of forgery simpliciter.

Anti-Money Laundering

AUSTRAC Issues Guidance on Filing More Effective SMRs

02/05/2021

The new resources include a reference guide and checklist, and feature guidance on how to write succinct, accurate and clear grounds for suspicion.

Cybersecurity

DSB Opens Consultation on OTC ISIN, CFI Service Provision

02/05/2021

The consultation focuses on cloud resilience, cybersecurity risk assessments, and enhanced support for supplier risk assessment activities.

Sustainable Finance

Australia Seeks Partners to Help Develop Carbon Exchange

02/05/2021

Australia’s Clean Energy Regulator is seeking a partner or partners to facilitate the emergence of an exchange-traded market for carbon offset units.

Reporting & Disclosures

IFRS Foundation Consults on Revisions to Constitution

02/05/2021

The proposed amendments expand the Foundation’s objectives and set out the structure and function of the new International Sustainability Standards Board.

Trading & Investment

Cboe to Launch New European Venue for Equity Derivatives

02/05/2021

Clients will benefit from having more choice, and lower friction pricing models will promote greater liquidity, says Morgan Stanley’s David Russell.

Cloud & Infrastructure

MAS Launches RegTech Grant Scheme, Enhances DAG Scheme

01/05/2021

The RegTech grant scheme is available to Singapore-based FIs to help them enhance processes and capabilities in their risk management and compliance functions.

Fraud, Scams & Cybercrime

Australian Court Charges Woman for Superannuation Fraud

01/05/2021

A woman is said to have submitted multiple false hardship claims on behalf of others to gain early access to A$330,000 in superannuation.