Big Picture

ETF Structure Proved Resilient to Market Stress: IOSCO

15/08/2021

An IOSCO study has helped to “alleviate concerns” about possible financial stability risks or fragilities relating to the ETF structure.

AML / KYC

US Real Estate the ‘Preferred’ Money Laundering Destination: GFI

13/08/2021

Lawyers, real estate agents, investment advisers, and bank employees have repeatedly facilitated money laundering through US real estate by HNWIs and PEPs.

Securities / Derivatives

SEBI Mulls Measures to Enhance Corporate Bond Market

13/08/2021

SEBI is considering introducing a market maker programme and a backstop facility to improve liquidity in the corporate bond market, among other measures.

Enforcement

ASIC to Adopt ‘Reasonable Approach’ to Financial Sector Reforms

13/08/2021

ASIC will take a ‘reasonable approach’ to technical or inadvertent breaches, in recognition that six new reforms taking effect in October will present challenges to firms.

Securities / Derivatives

ASIC Finds ‘Robust’ Valuation Practices in Fund Industry

11/08/2021

Valuation practices for illiquid assets were robust, timely and consistent with regulatory guidance and industry standards, ASIC found in a review.

Securities / Derivatives

Indian Startups Call on Govt to Allow Direct Overseas Listings

10/08/2021

Concerns that direct overseas listings will hurt the domestic market are unfounded, local startups said in a letter to the prime minister.

SEBI Allows Payments Banks to Perform Investment Bank Activities

10/08/2021

Payments banks will be able to accept application money, allotment or call money, and make payments of dividend or interest warrants.

Securities / Derivatives

Intra-day NAV is Applicable for ETF Transactions: SEBI

06/08/2021

The mutual fund industry told SEBI the closing NAV may “not be relevant” for direct transactions in ETF units with large investors.

Market Infrastructure

Big Tech Brings ‘New and Unfamiliar’ Challenges: BIS

06/08/2021

A purely activity-based approach to regulating big tech is likely to fall short. Central banks need to more closely coordinate with competition and data governance authorities.