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Trading & Investment
Japan Decides Start Date to Shift Cross-currency Swaps to RFRs
By Editors | 15/08/2021
Japan will change interdealer trading conventions for cross-currency basis swaps from LIBOR to RFRs on 21 September.
Structural Regulation
Australia to Further Amend Design & Distribution Obligations Law
By Sanday Chongo Kabange | 15/08/2021
The planned changes will make the DDOs law more appropriate for the mortgage broking sector, and clarify that margin lending to corporates is exempt, among other changes.
Trading & Investment
ETF Structure Proved Resilient to Market Stress: IOSCO
By Ranamita Chakraborty | 15/08/2021
An IOSCO study has helped to “alleviate concerns” about possible financial stability risks or fragilities relating to the ETF structure.
Conduct, Culture & Accountability
BNM Amends Rules on Managing Financial Adviser Conduct
By Editors | 15/08/2021
Advisers will have to provide customers with suitable product options from at least three different providers when recommending insurance or takaful products.
Conduct, Culture & Accountability
Australian Court Orders BOQ to Replace Unfair Contract Terms
By Sanday Chongo Kabange | 15/08/2021
Bank of Queensland has been ordered to replace unfair contract terms in all standard form contracts with small business customers entered into from November 2016.
Trading & Investment
SEBI Mulls Measures to Enhance Corporate Bond Market
By Ranamita Chakraborty | 13/08/2021
SEBI is considering introducing a market maker programme and a backstop facility to improve liquidity in the corporate bond market, among other measures.
Conduct, Culture & Accountability
ASIC to Adopt ‘Reasonable Approach’ to Financial Sector Reforms
By Ranamita Chakraborty | 13/08/2021
ASIC will take a ‘reasonable approach’ to technical or inadvertent breaches, in recognition that six new reforms taking effect in October will present challenges to firms.
Payments & Settlements
ACCC Sees Price Transparency Improvements Among FX Remitters
By Sanday Chongo Kabange | 13/08/2021
The ACCC says 12 of 15 prominent remitters are either adhering to best practice for price disclosure or need to make only minor improvements.
Structural Regulation
Refinitiv Launches Prototype USD Fallback Rates for Cash Products
By Editors | 13/08/2021
There are two versions of the Refinitiv USD IBOR Cash Fallbacks: one for consumer cash products, the other for institutional cash products.
Structural Regulation
DTCC Urges Readiness for MAS Derivatives Reporting Requirements
By Sanday Chongo Kabange | 12/08/2021
Finance companies, subsidiaries of banks in Singapore, insurers and CMS licence holders will come into scope for reporting from 1 October.
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