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.

Crypto / Digital Assets

ASIC Sheds Light on Losses Recovered for Retail Derivatives Investors

13/11/2023

Seven CFD issuers and Binance Australia Derivatives paid A$17.4mn in compensation to over 2,000 retail clients since March 2021.

Market Infrastructure

ASIC Says Cyber Resilience “Must be a Top Priority”

13/11/2023

ASIC’s cyber pulse survey found “significant” cyber security risk management deficiencies at listed companies and licensed entities.

Enforcement

Korea FSS Fines Woori Over Fresh Embezzlement Case

13/11/2023

Woori’s latest embezzlement case involves an employee who stole over KRW 200 million from the bank.

Securities / Derivatives

HKEX Shines Spotlight on HK’s Role as Fundraising Hub

12/11/2023

New report from HKEX discusses Hong Kong’s listing regime, further planned enhancements, and why international companies should choose to list in the city.

AFCA Consults on Approach to Complaints Involving Advisers, MIS

07/11/2023

The consultation sets out how AFCA will determine compensation for investors affected by managed investment schemes that fail or become insolvent.

Market Infrastructure

RBNZ Consults on New Policy for Branches of Overseas Banks

07/11/2023

This is the RBNZ’s third consultation regarding its planned new policy for branches of overseas banks.

Securities / Derivatives

Some Issuers Were Overcharged for Annual Listing Fees: HKEX

07/11/2023

HKEX is contacting issuers that were overcharged to arrange refunds. It does not plan to claim back any of the undercharged fees.