Markets & Infrastructure

Conduct, Culture & Accountability

ASIC Targets Death Benefit Claims Handling at Super Funds

By Sanday Chongo Kabange | 25/11/2024

ASIC issued notices on ten superannuation trustees requesting data and documents on their death benefit claims handling practices.

Sustainable Finance

Australia Unveils Strategy to Modernise Sovereign Wealth Fund

By Thisanka Siripala | 24/11/2024

The government is refreshing and renewing the Future Fund to make it “stronger, more successful and more sustainable into the future”.

Conduct, Culture & Accountability

IOSCO Proposes Measures to Tackle Pre-Hedging Risks

By Manesh Samtani | 23/11/2024

IOSCO proposes recommendations to guide regulators in determining acceptable pre-hedging practices and managing the associated conduct risks effectively.

Trading & Investment

China: Fund Houses Slash ETF Fees as Active Managers Underperform

By Mark Johnston | 22/11/2024

Major Chinese fund companies have announced significant fee reductions for equity ETFs, intensifying competition in the rapidly expanding market.

Conduct, Culture & Accountability

Compensation Must Be Aligned with Prudent Risk-Taking: FSB

By Manesh Samtani | 22/11/2024

New FSB report identifies legal and regulatory challenges associated with the use of compensation tools to promote prudent risk taking.

Capital Adequacy

MAS Streamlines Product Approval Process for Life Insurers

By Nithya Subramanian | 22/11/2024

Revised notices ease the approval process, requiring life insurers to seek prior approval only for products with features entirely new to the industry.

Conduct, Culture & Accountability

Australia Unveils Planned Reforms to Improve Retirement Outcomes

By Thisanka Siripala | 22/11/2024

The reforms will improve the returement phase of superannuation through more trusted information, better products and greater transparency.

Tokenisation

Goldman Sachs to Make GS DAP Platform “Industry-owned”

By Nithya Subramanian | 22/11/2024

Goldman will establish a new, standalone company to spin out GS DAP so that it can be used by more participants to interoperate seamlessly.

Market Abuse

SFC Suspends Former Yuanta Securities Licensee for 26 Months

By Mark Johnston | 22/11/2024

The former licensee had a secret profit-sharing agreement with a client, failed to disclose personal dealings, and made false representations to the SFC.