Market Infrastructure

Capital / Liquidity

SEBI to Require AMCs to Help Capitalise New Clearing Corporation

By Editors | 07/02/2021

Individual contributions by asset managers towards the new LPCC will be calculated based on their AUM in open ended debt-oriented mutual fund schemes.

Enforcement

ASIC to Consider Enforcement Action for Climate Risk Disclosure Failures

By Ranamita Chakraborty | 07/02/2021

ASIC says the law requires climate risk to be included in OFR disclosures, particularly when it is a material risk that could affect financial performance.

Market Infrastructure

CBIRC Asks Insurance Groups to Improve Governance Mechanisms

By Editors | 07/02/2021

The CBIRC released the results of its first evaluation of corporate governance of insurance groups. None of the 10 participating groups top marks.

Market Infrastructure

CBIRC Evaluates Corporate Governance at Non-bank Institutions

By Editors | 07/02/2021

Some financial leasing, enterprise group finance, auto finance, and consumer finance companies have been unwilling or unable to enhance governance and internal controls.

AML / KYC

Korea: FSC Financial Sector Focus to Include Risk, Competition, Innovation

By Sanday Chongo Kabange | 07/02/2021

The FSC’s 2021 policy agenda for the financial sector will include measures to bolster risk management while also strengthening competitiveness and facilitating digital innovation.

AML / KYC

Greater Bay Regulators Sign MoU on Wealth Management Connect

By Manesh Samtani | 07/02/2021

The regulators agree to issue guidance to banks on product due diligence, investor protection, AML/CFT requirements and personal data protection, among other areas.

Market Infrastructure

UPDATED – HKEX to Acquire Stake in Guangzhou Futures Exchange

By Editors | 07/02/2021

The move, being the first-ever equity investment in a mainland futures exchange by a non-mainland investor, will help HKEX promote green and low-carbon markets across the region.

Market Infrastructure

RBI Issues Guidance to Enhance Internal Audit Function at NBFCs, UCBs

By Sanday Chongo Kabange | 07/02/2021

Internal audit frameworks of select NBFCs and UCBs will have to include an evaluation of the risk management systems and control procedures used in various areas of operations.

Crypto / Digital Assets

Taiwan Issues List of Institutions Required to Bolster Cybersecurity

By Ranamita Chakraborty | 05/02/2021

The critical infrastructure facilities believed to be on the list include Taiwan’s D-SIBs, science park operators and telecoms.