Firms in Asia need to start preparing for the impacts SFTR will have on the way they manage their information flow when working with European counterparties, says DTCC's Oliver Williams.
Sophie Grace director Sophie Gerber lays out the obligations reporting entities must adhere to for compliance with AML/CTF rules in Australia.
The Final Report on Australia's Royal Commission packs a swift and powerful punch which may well be felt for some time, says public policy specialist Matthew Chan.
China's recent moves to help banks replenish capital through perpetual bond issuances are seen as a bailout of the banking system. But what happens in another crisis?
Melody Gao at Sydney-based financial services consultancy firm Sophie Grace explains the implications of a bill to impose new design and distribution obligations on issuers and grant ASIC product intervention powers.
In the year ahead, banks will have to focus on seamless data integration and regtech adoption to cope with increasingly complex regulatory reporting requirements, says Wolters Kluwer’s Wouter Delbaere.
Derek McGibney at ACA Compliance Group lays out the activities investment firms should be undertaking to ensure ongoing compliance with the FMCC.
Banks will need to adapt existing AML programmes to include new monitoring scenarios and train staff to recognise human trafficking red flags, says Nick Turner at Clifford Chance.
Up to 22 banks have announced plans to set up new wealth management subsidiaries which could end up taking market share from asset management firms.