MARKET INFRASTRUCTURE

    Enforcement

    Prosecutors Assess Whether EY Acted Criminally During Wirecard Audits

    By Editors | 29/11/2020

    Germany’s audit supervisor has reportedly told prosecutors that EY may have violated its legal due diligence and reporting obligations during its Wirecard audits.

    Market Infrastructure

    CFTC Adopts Rule Changes to Facilitate Foreign Swaps Clearing

    By Editors | 29/11/2020

    The CFTC has extended no-action relief for non-US swap dealers from reporting requirements, and finalised rules for exempting non-US clearinghouses from registration requirements.

    Big Picture

    HKIMR Offers Suggestions to Develop Hong Kong Green Bond Market

    By Shruti Khairnar | 27/11/2020

    To encourage more active participation in the market, efforts can be made to implement tax incentives and subsidies to address the high costs of certification.

    Fintech / Regtech

    MAS On Track to Award Digital Bank Licences by Year-End

    By Manesh Samtani | 26/11/2020

    Regulatory changes impacting some of the Chinese digital bank applicants are unlikely to have an impact on the granting of the new licences in Singapore.

    Securities / Derivatives

    HKEX Outlines Derivatives Market Enhancements for 2021

    By Editors | 26/11/2020

    Market participants who plan to trade or clear selected derivatives contracts during Hong Kong public holidays will be asked to demonstrate technical readiness.

    Market Infrastructure

    APRA Unveils Details of New Cyber Security Strategy

    By Manesh Samtani | 26/11/2020

    Starting next year, APRA will be asking boards to engage an external auditor to comprehensively review their compliance with CPS 234 on information security.

    Market Infrastructure

    MAS Announces Measures to Develop Financial Sector Workforce

    By Editors | 26/11/2020

    MAS will launch a new Work-Study Support Programme to develop job-ready graduates and extend the Training Allowance Grant for company-sponsored trainees by six months.

    Market Infrastructure

    Australia Concludes Review of Retirement Income System

    By Editors | 26/11/2020

    The review signals little urgency to increase compulsory employer superannuation payments, as legislated, to 12 percent by 2025.

    Market Infrastructure

    BOT Relaxes Investment Restrictions to Hold Down Baht

    By Editors | 26/11/2020

    The changes will make it easier for residents to invest overseas and hold foreign currency at local banks. ETFs tracking foreign securities will be allowed to list in Thailand.

    Market Infrastructure

    ORX Expands Operational Risk Taxonomy for Financial Services

    By Editors | 26/11/2020

    The 2020 iteration of the taxonomy has been extended to include operational risks causes and impacts, to allows firms to add context to their data.

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