Markets & Infrastructure

Conduct, Culture & Accountability

NAB to Lift Industry Standards with Bank-Wide Education Programme

By Editors | 12/06/2020

The programme, to be launched in partnership with FINSIA, will be rolled out for all of NAB’s Australia and New Zealand bankers and support staff.

Structural Regulation

Taiwan Fintechs to Gain Access to Canada’s Securities Sandbox

By Editors | 12/06/2020

The CSA sandbox allows firms to obtain exemptive relief from securities law requirements to test new products and services in the Canadian market on a time-limited basis.

Clearing & Post-Trade

WFE Issues Guidance on CCP Handling of Non-default Losses

By Editors | 11/06/2020

At the ten largest CCPs, no CCP has ever allocated a loss to a clearing member related to custody or collateral investment through its rulebook, the guidance makes clear.

Trading & Investment

HKEX to Automate Large Open Position Reporting Process

By Editors | 11/06/2020

Starting in September, participants will be able to fully automate their current LOP reporting process, using the Secure File Transfer Protocol (SFTP) facility.

Conduct, Culture & Accountability

FMSB Offers Guidance on LIBOR Transition Conduct Risks

By Editors | 11/06/2020

Uncertainties associated with the transition may make it harder for firms to identify how to treat their customers fairly, and to demonstrate that they have done so, the FMSB says.

Structural Regulation

SEBI Relaxes Norms to Fast-track Further Public Offers

By Editors | 11/06/2020

FPOs will still be allowed to proceed if show cause notices or prosecution proceedings are still ongoing, or it securities law violations have been recently settled.

Structural Regulation

High-Level Forum Charts Course to Achieve EU Capital Markets Union

By Editors | 11/06/2020

In a new report, the EU’s High-Level Forum on capital markets union offers specific recommendations on developing deeper, more dynamic and more harmonised markets across EU member states.

Structural Regulation

Xiaomi-AMTD Joint Venture Launches Hong Kong Virtual Bank

By Editors | 11/06/2020

Airstar Bank commits to becoming “Everyone’s Bank”, contrasting itself with conventional banking models which focus on high net-worth individuals.

Trading & Investment

Australia: Banks Fail to Pass Rate Cuts to Credit Card Customers

By Editors | 10/06/2020

The credit cards with the largest rate increases are those backed by Citigroup, Members Equity Bank, Police Credit Union, and ANZ, according to consumer advocacy group CHOICE.