Anti-Money Laundering

NZ FMA Risk Assessment Finds VASPs Sector ‘High Risk’

07/12/2021

The FMA’s sector risk assessment for 2021 says VASPs, derivatives issuers and online investment platforms could be targeted by money launderers.

Clearing & Post-Trade

Industry Bodies Set Roadmap for Shorter US Equities Settlement Cycle

07/12/2021

Shortening the settlement cycle to T+1 is expected to reduce risks and costs for the securities industry, but also present challenges for foreign market participation.

Structural Regulation

ASIC Set to Undergo First Review by New Monitoring Body

07/12/2021

The new Financial Regulator Assessment Authority will assess ASIC’s effectiveness and capability including in its surveillance and licensing functions.

Cybersecurity

ASIC Flags Supply Chain Risk as Key Cyber Resilience Concern

07/12/2021

Failure to invest in supply chain risk management could lead to significant consumer harm that might warrant ASIC investigation and action.

Trading & Investment

Bursa Malaysia Derivatives Launch Night Trading Session

06/12/2021

Bursa’s new T+1 night trading session seeks to enhance the competitiveness and attractiveness of Malaysian derivatives markets.

Sustainable Finance

ISDA Calls for Legal Clarity on Voluntary Carbon Credits

06/12/2021

Legal clarity across jurisdictions would support the drafting of standardised documentation for a voluntary carbon credit OTC derivatives market.

Structural Regulation

Treasury Offers Recommendations to Improve AFCA’s Operations

05/12/2021

Treasury recommends government remove the legislative requirement for authorised credit representatives to be members of AFCA.

Alternative Markets

Shanghai to Pilot Secondary Market for PE, VC Funds

04/12/2021

The pilot is being launched at the Shanghai Equity Exchange to experiment with ways to expand the exit channels available to investors in PE and VC funds.

Payments & Settlements

RBNZ Proposes Policy Options to Preserve Cash System

02/12/2021

The increasing appeal of non-cash and online payment options and the reducing number of bank branches and ATMs could present resilience issues for the cash system.