ESG / Sustainability

Australia to Restructure Regulatory Bodies for Financial Reporting

21/11/2023

The three regulatory bodies that oversee financial reporting and set reporting standards will be combined into a single entity.

Market Infrastructure

HKMA Considers How Banks Will Support Stock Trading During Typhoons

21/11/2023

Banks would need to upgrade their systems to cope with a “potential new clearing arrangement for cheque payments”.

Market Infrastructure

Australia Consults on Options for Reforming Merger Rules

20/11/2023

Treasurer Jim Chalmers said any changes to merger rules would be about “delivering greater benefits to the economy and to consumers, and providing certainty to business”.

Market Infrastructure

ASX Picks TATA, Accenture To Deliver CHESS Replacement

20/11/2023

ASX says it selected TCS and Accenture after extensive evaluation of potential solution options and product vendors.

Enforcement

ASIC is Targeting Misconduct in Superannuation Sector

16/11/2023

ASIC says it will take strong, targeted enforcement action in relation to “member services failures in the super sector”.

Securities / Derivatives

NZ FMA Consults on Approach to “Fair Outcomes” Regulations

16/11/2023

The FMA is consulting on seven “fair outcomes” it wants financial service providers to deliver for consumers and markets.

HK FSDC Forms Hong Kong Academy for Wealth Legacy

16/11/2023

The academy will foster collaboration, networking, knowledge sharing and talent development across Hong Kong’s family office industry.

Market Infrastructure

Australia Proposes Legislation to Cut Red Tape from Financial Advice

15/11/2023

The draft legislation responds to several recommendations of the quality of advice review released early this year.

Capital / Liquidity

APRA Proposes Changes to Liquidity Management Rules for Banks

15/11/2023

Smaller banks will have to value liquid assets on a mark-to-market basis. Debt securities issued by other banks will no longer be considered eligible liquid assets.