Markets & Infrastructure

Conduct, Culture & Accountability

RBI Imposes Monetary Penalty on Citibank India

By Editors | 14/01/2019

The ₹30mn penalty is based on deficiencies in regulatory compliance related to ‘fit and proper’ requirements for bank directors.

Structural Regulation

Productivity Commission Identifies Structural Flaws in Super Sector

By Editors | 11/01/2019

Superannuation members could benefit by an estimated A$3.8bn if two main structural problems were fixed, says the Productivity Commission in a new report.

Structural Regulation

What ASIC’s New Product Intervention Powers Will Mean

By Melody Gao | 11/01/2019

Melody Gao at Sydney-based financial services consultancy firm Sophie Grace explains the implications of a bill to impose new design and distribution obligations on issuers and grant ASIC product intervention powers.

Conduct, Culture & Accountability

ASIC Consults on Fee, Cost Disclosures at Super, Managed Funds

By Editors | 10/01/2019

ASIC proposes new disclosure norms for superannuation and managed investment funds to boost transparency and comparability between funds.

Structural Regulation

Citi to Divest Stake in Mainland Securities Joint Venture

By Editors | 10/01/2019

Citi is looking to form its own majority-owned securities joint venture in China following new rules allowing foreign firms to acquire controlling stakes in such partnerships.

CBDCs

BIS Issues Report on Central Bank Digital Currencies

By Editors | 10/01/2019

Only one of 63 central bank respondents has said it is very likely to issue a central bank digital currency in the next six years.

Trading & Investment

Bursa Malaysia Introduces New Trading Features

By Editors | 09/01/2019

The exchange has introduced market order at pre-closing, on-open orders, on-close orders, iceberg orders and one-cancel-other orders.

Conduct, Culture & Accountability

China Mulls New Rules to Prevent Conflict of Interest at Ratings Agencies

By Editors | 09/01/2019

The new rules would prohibit firms from providing consulting services to companies they rate and require disclosures of any conflicts of interests.

Structural Regulation

New Zealand Banks Called Out for High Priority Amounts on Mortgages

By Editors | 09/01/2019

By setting mortgage priority amounts almost three times the home loan principal, banks are preventing borrowers from shopping around for a second mortgage.