Operational Risk

APRA Offers Guidance on Managing Compliance Risk

22/02/2022

APRA wants regulated entities to give compliance risk management the same attention they give to cyber risk, operational risk management and other risk classes.

Structural Regulation

Philippine SEC Proposes Draft Rules For Umbrella Funds

21/02/2022

Investment companies will be allowed to operate umbrella funds as long as they create at least two sub-funds, which segregated assets and liabilities.

Market Data & Technology

APRA Proposes to ‘Sharply’ Increase Superannuation Transparency

21/02/2022

APRA plans to start publishing new aggregate industry, fund-level and product-level statistics on superannuation from June.

Cloud & Infrastructure

Korea FSS Includes NFT, Metaverse Monitoring in Annual Work Plan

20/02/2022

The FSS said it will strengthen its supervision of “new trading assets such as NFTs” and “prepare countermeasures” if necessary to protect consumers against damage.

Cryptocurrency

NYSE Seeks Trademark Licences for Digital Marketplace

18/02/2022

A filing with the US Patent and Trademark Office suggests the NYSE may be planning to launch an NFT marketplace as well as its own cryptocurrency.

Payments & Settlements

Bangladesh Revises Rules on Mobile Financial Services

17/02/2022

The revised regulations allow financial institutions other than banks, as well as government entities, to provide mobile financial services.

Sustainable Finance

HK Government Set to Issue Inaugural Retail Green Bond

17/02/2022

Hong Kong financial secretary Paul Chan said the issuance allows residents to “directly contribute to greening Hong Kong and share the fruit of the sustainable development”.

Conduct, Culture & Accountability

Splitting Chairman, MD, CEO Roles No Longer Mandatory: SEBI

17/02/2022

Only 54 percent of the listed companies in scope had complied with the rule as of end-2021, so it will instead become voluntary.

Data Privacy

Applications Open for ‘Data Specialising Institutions’ Designation: FSS

16/02/2022

Data specialising institutions are allowed to converge anonymised and pseudonymised data originating from different businesses for analytics purposes.