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Conduct, Culture & Accountability
ASIC Sues NAB for Slow Response to Financial Hardship Claims
By Sanday Chongo Kabange | 19/11/2024
ASIC says NAB and a subsidiary failed to respond to financial hardship applications within 21 days as required by law.

Cryptocurrency
HKEX Goes Live With New Virtual Asset Index Series
By Sanday Chongo Kabange | 18/11/2024
The HKEX Virtual Asset Index Series consists of a reference index and reference rate for both Bitcoin and Ether.

Trading & Investment
Philippines Launches Peso Interest Rate Swaps Market
By Sanday Chongo Kabange | 18/11/2024
The PESO IRS market will help deepen the capital market, boost trading and liquidity, and promote the development of yield curves.

Structural Regulation
HKMA Codifies Regulatory Expectations on Money Brokers
By Sanday Chongo Kabange | 18/11/2024
New SPM module codifies existing requirements and standards for approved money brokers and elaborates on HKMA’s supervisory process.

Sustainable Finance
IOSCO Issues Final Report on Voluntary Carbon Markets
By Thisanka Siripala | 18/11/2024
The report outlines a set of 21 Good Practices aimed at ensuring financial integrity in Voluntary Carbon Markets.

Cryptocurrency
HKMA Warns Crypto Firms Against Misusing “Bank” Label
By Sanday Chongo Kabange | 18/11/2024
The HKMA says misuse of the label “bank” by unlicensed crypto firms may constitute a contravention of the Banking Ordinance.

Structural Regulation
ASIC to Launch Taskforce to Tackle Regulatory Complexity
By Thisanka Siripala | 18/11/2024
The “Simplification Consultative Group” will identify how ASIC can more efficiently and more effectively administer the law.

Structural Regulation
SEBI Simplifies Registration Process for Certain FPI Applicants
By Nithya Subramanian | 18/11/2024
Eligible FPIs can submit an abridged application form, reducing duplication and streamlining the registration process.

Supervision & Enforcement
FCA to Reshape ‘Name and Shame’ Policy After Backlash
By Nithya Subramanian | 17/11/2024
Revised proposals will include a more stringent public interest test and a longer notice period for firms.

Clearing & Post-Trade
LME Clear Announces Reforms Tripling Member Capital Requirements
By Editors | 15/11/2024
LME Clear said the proposal would better align member capital requirements with those of peer CCPs and reassure market stakeholders of its markets resilience.
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