Market Infrastructure

PBOC to Reduce ‘High Risk’ Institutions in Financial System

16/03/2023

The PBOC will defuse “bombs” by reducing the number of high-risk institutions especially small and mid-sized financial institutions.

ESG / Sustainability

New Zealand Considers Climate Reporting Exemptions for Secondary Listed Issuers

15/03/2023

The exemptions seek to reduce compliance costs for foreign exempt issuers that already produce similar reporting in their home jurisdiction.

ESG / Sustainability

PNGX Proposes New Corporate Governance Code for Listed Firms

10/03/2023

The Code covers disclosures on policies for achieving gender equality and managing and reporting on environmental and social impacts.

ESG / Sustainability

EBA Calls for Action Against Banks Without Mandatory Diversity Policies

09/03/2023

The EBA says competent authorities should take appropriate supervisory measures to ensure banks and investment firms comply with the EU’s mandatory diversity policy.

Fintech / Regtech

SEBI Finalises Cloud Adoption Framework for Regulated Entities

09/03/2023

Regulated entities have one month to provide SEBI with details of the cloud services they have deployed and 12 months to ensure full compliance with the new framework.

Enforcement

ACCC Enforcement to Prioritise Misleading Environmental Claims

08/03/2023

The ACCC has established a new taskforce that will focus on sustainability and its intersection with competition and consumer law.

Enforcement

ASIC Launches First Court Action Alleging Whistleblower Victimisation

05/03/2023

ASIC alleges coal producer TerraCom and its directors and officers breached the whistleblower protection regulations which came into force in July 2019.

AML / KYC

Pakistan to Launch Blockchain-based KYC Platform for Banks

04/03/2023

Participating banks will be able to perform assessments of their customers using information available at any other bank using the new platform.

ESG / Sustainability

ACCC Internet Sweep Reveals Widespread Greenwashing by Businesses

03/03/2023

Out of 247 businesses reviewed during the ACC’s internet sweep, 57 percent made “concerning claims about their environmental credentials”.