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Emerging Prudential Risks
IOSCO Says Credit Sensitive Rates Pose Financial Stability Risk
By Manesh Samtani | 09/09/2021
IOSCO says SOFR should be used in place of USD LIBOR and that it will be closely monitoring how the “IOSCO badge” is used in compliance assessments of credit sensitive rates.
Conduct, Culture & Accountability
The Impact of MAS’ IAC Guidelines on Data Governance
By Irene Liu | 09/09/2021
Irene Liu and Catherine Lee discuss the applicability of MAS’ Guidelines on Individual Accountability and Conduct on data governance.
Supervision & Enforcement
Australian Court Fines Allianz, AWP for Deceptive Conduct
By Editors | 09/09/2021
Allianz and AWP will pay a total AUD 1.5 million for engaging in misleading and deceptive conduct when selling travel insurance.
Conduct, Culture & Accountability
HKMA Urges Continued Momentum in Bank Culture Efforts
By Manesh Samtani | 09/09/2021
Culture is the “invisible glue” that holds a bank together and assumes an even more critical role during the pandemic, says the HKMA’s Arthur Yuen.
Conduct, Culture & Accountability
Court Finds Colonial First State Engaged in Misleading Conduct
By Editors | 09/09/2021
The Federal Court found that Colonial First State misled its customers to encourage them not to transfer their superannuation to a lower cost MySuper product.
Trading & Investment
China: AMAC Approved Launch of First Pictet QDLP Fund
By Editors | 08/09/2021
The new fund will enable domestic investors in China to invest offshore in financially stressed and distressed companies, predominantly in Europe.
Clearing & Post-Trade
SEBI to Introduce Optional T+1 Settlement Cycle from January
By Editors | 08/09/2021
Stock exchanges may choose to offer T+1 settlement on any scrip, after providing the market advance notice of at least one month.
Sustainable Finance
Hong Kong Explores Role in Unified GBA Carbon Market
By Sanday Chongo Kabange | 08/09/2021
Hong Kong is exploring opportunities to establish a unified carbon market in the Greater Bay Area, leveraging the Guangdong ETS and Shenzhen ETS.
Conduct, Culture & Accountability
CSRC to Bolster Supervision of Securities, Fund Practitioners
By Sanday Chongo Kabange | 08/09/2021
The CSRC will organise on-site inspections to ensure securities and fund practitioners adhere to professional ethics obligations and improve governance.
AI Risk & Governance
IOSCO Publishes Final Guidance on Supervising AI/Machine Learning
By Editors | 08/09/2021
IOSCO members are encouraged to consider six measures carefully in the context of their legal and regulatory frameworks.
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