Markets & Infrastructure

Clearing & Post-Trade

ASX to Introduce Default Management Auctions for ETD in Q3

By Editors | 25/04/2021

ASX consulted last year on the introduction of an auctions framework for exchange-traded derivatives in the event of a futures clearing participant’s default.

Conduct, Culture & Accountability

Australian Life Insurers Launch Professional Standards Framework

By Editors | 24/04/2021

The framework was developed through collaboration between life insurers comprising 95 percent of the gross written premium in the retail life industry.

Conduct, Culture & Accountability

ASIC Seeks Feedback on New Breach Reporting Guidance

By Manesh Samtani | 23/04/2021

The draft regulatory guide provides clarification on what constitutes a reportable situation under the upcoming breach reporting reforms.

Structural Regulation

Philippines to Grant BSP Authority Over Insurance Commission

By Editors | 23/04/2021

Under a proposed bill, the supervision of the Insurance Commission will move from the Department of Finance to the BSP.

Conduct, Culture & Accountability

Taiwan FSC Probes Next Bank Over Possible Regulatory Breaches

By Sanday Chongo Kabange | 22/04/2021

Next Bank is one of the three internet-only banks that was issued a licence by the FSC in 2019. The bank has yet to launch operations.

Conduct, Culture & Accountability

FMA Warns Fund Managers Not to Mislead Investors

By Sanday Chongo Kabange | 22/04/2021

The FMA has directed fund managers not to advertise performance which only includes the recovery after March 2020.

Clearing & Post-Trade

DTCC Study Highlights Need to Enhance Post-trade Processes

By Editors | 22/04/2021

The sell-side is seeking enhancements to reconciliations and confirmations capabilities. The buy-side is focusing on fails and collateral management.

Resolution & Recovery

Close-out Netting Can Be Guaranteed in Resolution: CBIRC

By Sanday Chongo Kabange | 22/04/2021

Recent bankruptcies by FIs have “fully proved” that close-out netting can be guaranteed in the resolution stage, a CBIRC official said at ASIFMA’s China Capital Markets Week.

Conduct, Culture & Accountability

FSC Australia Proposes Removal of Financial Advice Red Tape

By Ranamita Chakraborty | 22/04/2021

There are significant opportunities to reduce the cost and complexity of providing financial advice, the FSC says in new paper.