Sustainable Finance

Taiwan FSC Unveils Three Year Capital Market Roadmap

09/12/2020

The roadmap aims to promote ESG development, establish operational rules to enable central clearing for OTC derivatives, and boost fundraising in the capital markets.

Conduct, Culture & Accountability

ASIC to Update Regulatory Guide on Consumer Remediation

08/12/2020

There are opportunities for firms to identify issues that can lead to remediations earlier, and to ensure remediation payments are made more quickly and fairly.

Anti-Money Laundering

Global Coalition to Fight Financial Crime Expands Membership

08/12/2020

Interpol and Western Union are among the five new additions to the GCFFC’s membership, bringing the total count to 18 organisations.

Supervision & Enforcement

RBNZ Reprimands Pacific International Insurance Over Reporting Failures

03/12/2020

The RBNZ says Pacific International Insurance’s poor history of non-compliance with regulatory reporting requirements continued despite repeated warnings.

Trading & Investment

Ho Chi Minh Bourse to Raise Minimum Board Lot Tenfold

03/12/2020

HoSE plans to allow two weeks for modifications to trading systems, one week for testing, and implementation in January 2021.

Market Data & Technology

NZFMA Starts Publishing New OCR Compound Index

03/12/2020

The OCR compound index provides market participants with a standardised method of calculating term risk-free interest rates in arrears.

Emerging Prudential Risks

China Crackdown Brings Number of Active P2P Lenders to Zero

02/12/2020

Chinese media reports that the number of P2P lenders has now fallen to zero, down from a peak of almost 6,000 such firms in 2017.

Payments & Settlements

HKMA Unveils New FPS Feature Allowing Link to HKID

02/12/2020

From 6 December onwards, individuals can link their HKID numbers to a bank account to conveniently receive payments, the HKMA said.

Capital Adequacy

RBNZ Consults on Insurance Act, Solvency Standards

02/12/2020

The consultations form part of a multi-year review to ensure the existing frameworks remain effective and promote public trust in the insurance sector.