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Conduct, Culture & Accountability
RBI to Require Banks, NBFCs to Seek Annual Auditor Approval
By Editors | 03/05/2021
Banks and NBFCs will be required to obtain approval for the appointment and reappointment of their statutory auditors on an annual basis.
KYC & CDD
RBNZ Calls on Banks to Avoid De-risking Pacific Island Nations
By Ranamita Chakraborty | 03/05/2021
The RBNZ and RBA are working with Pacific Island nations to develop a regional KYC facility, to support businesses in meeting their compliance obligations.
Sustainable Finance
Australia Seeks Partners to Help Develop Carbon Exchange
By Editors | 02/05/2021
Australia’s Clean Energy Regulator is seeking a partner or partners to facilitate the emergence of an exchange-traded market for carbon offset units.
Structural Regulation
China Regulators Order Tech Firms to Rectify Violations
By Manesh Samtani | 02/05/2021
Thirteen tech firms including Tencent, ByteDance and Baidu’s fintech arm are directed to correct regulatory violations in their financial services businesses.
Trading & Investment
Cboe to Launch New European Venue for Equity Derivatives
By Editors | 02/05/2021
Clients will benefit from having more choice, and lower friction pricing models will promote greater liquidity, says Morgan Stanley’s David Russell.
Conduct, Culture & Accountability
Australia: Treasury to Merge Quality of Advice, Life Insurance Reviews
By Ranamita Chakraborty | 01/05/2021
Rather than conducting two separate reviews, the quality of advice review will also consider the Life Insurance Framework as part of its wider mandate.
Structural Regulation
RBNZ, RBA, Bank of Canada Form Network to Foster Indigenous Inclusion
By Ranamita Chakraborty | 01/05/2021
Other central banks are encouraged to join the network, which will serve as a community of practice to share knowledge and foster indigenous inclusion.
Structural Regulation
Treasury Announces New Chair, Deputy Chair for ASIC
By Sanday Chongo Kabange | 01/05/2021
The Treasury also said will introduce legislation by mid-year to establish the FRAA, a new body to oversee the performance of ASIC and APRA.
Conduct, Culture & Accountability
APRA Issues Draft Prudential Practice Guide on Remuneration
By Editors | 01/05/2021
The guidance will assist entities in complying with APRA’s new standard on remuneration, which is expected to be finalised later this year.
Clearing & Post-Trade
Industry Groups Collaborate to Plan Move to T+1 in US Equities
By Sanday Chongo Kabange | 01/05/2021
SIFMA, ICI and DTCC plan to complete their analysis on the next steps needed to shorten the settlement cycle in US equities by the end of Q3 2021.
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