ESG / Sustainability

RBNZ, FMA Call on Regulated Entities to Improve Governance Practices

06/09/2023

A joint cross-sector thematic review identified some good governance practices, but also areas where improvement is needed.

Capital / Liquidity

FSC Korea Proposes Formal Adoption of Large Exposure Limit

06/09/2023

The large exposure limit was implemented in March 2019 through administrative guidance, but the formal regulatory process was postponed until now due to Covid-19.

Securities / Derivatives

APRA Review Finds Gaps in Super Fund Valuation Practices

05/09/2023

The review was conducted in late 2022, ahead of new investment governance standards taking effect in January.

Fintech / Regtech

RBI Permits Banks to Use UPI With Credit Lines

05/09/2023

Scheduled commercial banks can now transfer funds to and from credit lines through the UPI system.

Market Infrastructure

NZX Adds Financial Recovery Tools to Operational Rules

04/09/2023

The amendments will take effect on 1 December, introducing five recovery tools to help manage a potential default by a market participant.

Market Infrastructure

SEBI Proposes Formation of New Agency to Validate Performance Claims

04/09/2023

SEBI proposes to create a new independent body that would validate performance claims made by intermediaries such as fund managers and investment advisers.

Fintech / Regtech

FSC Korea Pledges Support for Fintech Industry

31/08/2023

The FSC will improve regulations to promote fintech innovation in Korea and also support the expansion of fintech firms overseas.

ASIC Calls on Lenders to Support Customers Experiencing Hardship

30/08/2023

Financial hardship will be a key area of focus over the next year. ASIC will conduct a review of large home lenders to understand their approaches in this area.

ESG / Sustainability

HKMA Sets Out Transition Planning Principles for Banks

30/08/2023

The HKMA will survey banks in Q4 on their transition planning practices, and consider these efforts in its supervisory review process.