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Enforcement
US SEC Penalises Schwab Over Robo-Adviser Disclosures
By Editors | 16/06/2022
High cash balances resulted in lower returns for robo-adviser clients. The effect of this “cash drag” was not disclosed to clients, the SEC said.
Market Infrastructure
ASIC Calls on Listed Companies to Bolster Cyber Resilience
By Sanday Chongo Kabange | 16/06/2022
Companies should review their cyber resilience settings and ensure detection, mitigation and response measures are adequate, says Greg Yanco.
Market Infrastructure
ASX Consults on Fallbacks for 90 Day Bank Bill Futures
By Editors | 15/06/2022
ASX says the inclusion of fallback provisions in contractual documentation will provide contractual and risk management certainty.
Market Infrastructure
Is Asia Pacific Ready for T+1 Settlement?
By Nellie Dagdag | 15/06/2022
Nellie Dagdag considers the implications of a move to T+1 settlement cycle for equities in Asia Pacific, and the benefits it will bring.
ESG / Sustainability
Green Funds Largely Unaligned with Paris Agreement – S&P
By ESG Investor | 14/06/2022
S&P looked at nearly 12,000 equity mutual funds and ETFs representing more than USD 20 trillion in market value. About 11% were aligned with the Paris goals.
ESG / Sustainability
US SEC Probes Goldman Sachs for Suspected Greenwashing
By Editors | 14/06/2022
The SEC is reportedly investigating whether disclosures made to clients accurately described the investment practices used by two Goldman funds.
ESG / Sustainability
Corporate Net Zero Targets on the Rise, But Credibility Lacking
By ESG Investor | 14/06/2022
Roughly 60% of companies with net zero targets have yet to specify whether carbon offsetting will feature in their decarbonisation strategies.
Securities / Derivatives
TAIFEX to Launch Semiconductor, Logistics Futures
By Editors | 14/06/2022
The new contracts are a response to heightened market demand for industry-specific risk management tools, TAIFEX says.
Securities / Derivatives
China: Banks, Fund Managers Directed to Rein In Executive Pay
By Editors | 14/06/2022
Fund houses are required to defer a portion of executive bonus payments. Senior staff are directed to invest their bonuses in financial products issued by their companies.
Securities / Derivatives
ASIC Issues New Guidance on Prevent Greenwashing in Funds
By Manesh Samtani | 14/06/2022
Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.
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