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Conduct, Culture & Accountability
ASIC Commences Legal Proceedings Against NAB Over Unlawful Fees
By Editors | 27/02/2021
ASIC says NAB charged some customers periodic payment fees when they were entitled to an exemption, and charged other customers the wrong fee.
Trading & Investment
BOT to Issue First THOR-linked Floating Rate Bond in March
By Editors | 26/02/2021
Institutional investors such as commercial banks, mutual funds, and insurance companies will be allowed to participate in the auction.
Emerging Prudential Risks
FSB Work Plan to Focus on Addressing Covid Vulnerabilities
By Editors | 26/02/2021
The FSB says it will produce an assessment of initial lessons learned from the pandemic and a report on the factors needed for an orderly unwinding of support measures.
Sustainable Finance
New Initiatives Announced to Promote Hong Kong Capital Market
By Manesh Samtani | 25/02/2021
Paul Chan spoke of measures to boost green bond issuance, launch southbound Bond Connect, expand Stock Connect, and subsidise REITs, fund managers and family offices coming to Hong Kong.
Payments & Settlements
Korea: Supervisory Power Struggle Deepens Between BOK, FSC
By Sanday Chongo Kabange | 25/02/2021
The BOK said it opposes the payment settlement system being used to oversee private transaction data, calling a revision bill proposed by the FSC a “Big Brother law”.
Structural Regulation
SFC, FRC to Enhance Regulatory Cooperation in Capital Markets
By Editors | 25/02/2021
Collaboration will be key to combat persistent problems with false or misleading financial statements and other corporate misconduct, said SFC Chairman Tim Lui.
Structural Regulation
Australia Launches Review of AFCA’s Functions, Performance
By Editors | 25/02/2021
The Treasury will ascertain whether AFCA is operating effectively and achieving its objectives, and whether there is a need for a mechanism for reviewing the substance of its decisions.
Clearing & Post-Trade
DTCC Proposes Move to T+1 in US Markets by Mid-2023
By Editors | 25/02/2021
In a new paper, DTCC outlines plans to modernise post-trade processes and facilitate an industry-wide shift to T+1 settlement in the equities market.
Fraud, Scams & Cybercrime
MAS Bans Former Insurance Broker for Dishonest Conduct
By Editors | 25/02/2021
The former insurance broker was banned for unauthorised selling of general insurance when he was only licensed to sell life policies.
Cloud & Infrastructure
OJK Indonesia Urges Rural Banks to Digitalise Operations
By Editors | 25/02/2021
Efforts to digitalise are aimed at improving financial inclusion for ‘micro-entrepreneurs’ and other members of the unbanked or underbanked population in Indonesia.
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