Market Infrastructure

ASX November Outage Caused By Hasty Trading System Launch

23/08/2021

An independent review commissioned by ASIC and RBA found that ASX’s upgraded equity trading system was not ready to go-live.

Fintech / Regtech

China: More Smaller Lenders Set to Join Digital Yuan Pilot

22/08/2021

City Commercial Banks Clearing Company and the Rural Credit Bank Funds Clearing Centre have launched “one point integration” digital yuan systems.

Capital / Liquidity

APRA Issues Final Guidance on Credit Risk Management

21/08/2021

The guidance APG 220 is published in advance of finalising the standard APS 220, which is contingent on potential changes to consumer credit laws.

Securities / Derivatives

AMAC Issues Conduct Guidelines for Managers of Retail Funds

20/08/2021

Directors, supervisors and senior managers should “lead by example” and consciously advocate the implementation of a healthy industry culture.

China Drafts Rules Banning Unfair Competition by Tech Firms

20/08/2021

The proposed rules prohibit Internet platforms from facilitating unfair competition on the Internet or disrupting free market competition.

Crypto / Digital Assets

ASIC Warns Against Unlicensed Crypto Derivatives Trading

19/08/2021

ASIC has received reports that investors who used unlicensed crypto-trading platforms have suffered losses due to excessive leverage, platform outages, or unfair liquidations.

Enforcement

Australian Court Issues Fines in First Criminal Case of Bad Audits

19/08/2021

EC Audit and its former director Robert James Evett have been convicted and sentenced to pay fines for failing to follow auditing standards.

Securities / Derivatives

Australia Refines Super Fund Rules on Portfolio Disclosures

19/08/2021

The regulations have been refined to ensure the disclosure regime for superannuation fund portfolio holdings is cost-effective and in members best interests.

Securities / Derivatives

RBI Loosens Restriction on Foreign Sovereign Bond Holdings

19/08/2021

Foreign sovereign bonds will not count towards a regulatory cap on holdings of overseas listed securities, the RBI reportedly told some banks in a notice.