Market Infrastructure

Market Infrastructure

Japan FSA to Revise Standards For Auditors of Listed Companies

By Editors | 05/09/2019

The revised standards will require auditors to disclose the reasons for issuing a qualified opinion in financial statements starting from March 2020.

Market Infrastructure

Compliance Training Failing to Deliver Meaningful Outcomes

By Editors | 04/09/2019

Efforts to shape employee behaviour through compliance training have failed to deliver meaningful outcomes, says a new report from Quinlan & Associates.

Market Infrastructure

GRI Sets Up in Singapore to Promote Sustainability Reporting in ASEAN

By Editors | 04/09/2019

The new ASEAN hub will generate valuable know-how for ESG reporting and sustainable finance, and contribute to Singapore’s development as a financial centre, says SGX CEO Tan Boon Gin.

Securities / Derivatives

China Awards Deutsche, BNP ‘Class A’ Underwriting Licences

By Editors | 04/09/2019

The licences mark the first approvals allowing foreign banks to act as lead underwriter for domestically issued bonds, for both local and foreign companies.

Market Infrastructure

Philippines Signs Islamic Banking Framework into Law

By Editors | 03/09/2019

The law grants Islamic banks powers to carry out the business of a bank in accordance with Sharia principles, in addition to the general powers granted to corporations.

Market Infrastructure

ACCC Calls for Lower Fees, More Competition in FX Services

By Editors | 03/09/2019

An ACCC inquiry found that consumers continue to rely on the big four banks for FX services despite the availability of much cheaper alternatives.

Market Infrastructure

Indian Banks Taking Nearly Two Years to Detect Fraud: RBI

By Editors | 02/09/2019

The RBI said in its annual report that banks take an average of 22 months to detect fraud, and up to 55 months for frauds involving large amounts.

Market Infrastructure

SFC Launches ‘Key Risk Indicator’ Reporting Platform

By Editors | 02/09/2019

Initially, licensed corporations of 22 global FIs will have to submit data relating to their operations, conduct issues and prudential risk exposures on a monthly, quarterly and yearly basis.

Market Infrastructure

China Moves to Cut Off P2P Lenders’ Payment Channels

By Editors | 02/09/2019

Cutting off payment and settlement services will restrict the funds flowing in and out of P2P lenders, part of a regulatory crackdown on the sector.