Markets & Infrastructure

Payments & Settlements

Australia’s High Value Clearing System Has Adopted ISO 20022

By Mark Johnston | 25/03/2024

The transition was one of the “largest and most complex programmes of work AusPayNet has undertaken to date in-house,” said CEO Andy White.

Conduct, Culture & Accountability

CSRC Conducts Surprise Inspections of Fund Companies – Reports

By Mark Johnston | 25/03/2024

State media says it is not uncommon for regulators to conduct irregular inspections of fund companies, especially to promote good governance.

Clearing & Post-Trade

SGX Proposed to Refine Cap on Clearing Member Liability

By Editors | 25/03/2024

The proposed cap is designed to provide clearing members certainty on their potential exposures when multiple defaults occur.

Structural Regulation

HKMA, SFC Planning Sept 2025 Rollout of New Derivatives Reporting Regime

By Manesh Samtani | 25/03/2024

HKMA and SFC propose to adopt a ‘big bang’ approach to implementation, rolling out the UTI, UPI, CDE and ISO 20022 requirements on 29 September 2025.

Structural Regulation

Kiwibank is Best Placed to Disrupt NZ Banking Oligopoly

By Ranamita Chakraborty | 25/03/2024

New Zealand’s Commerce Commission says Kiwibank is the best placed among the non-big-four banks to be a “disruptive competitor”.

Fraud, Scams & Cybercrime

US PCAOB Penalises Three Partners of KPMG’s Chinese Affiliate

By Mark Johnston | 25/03/2024

The three partners violated PCAOB standards in connection with their audit of the Chinese education company in 2017.

PEPs & Sanctions

EU Leaders to Advance Plans to Use Profits from Russia Assets

By Editors | 23/03/2024

Total financial contributions for Ukraine are expected to be around EUR 4.0-4.5 billion this year. Banks are concerned about legal action from Russia.

Structural Regulation

China Unveils 24-point Action Plan to Boost Foreign Investment

By Mark Johnston | 23/03/2024

Measures include expanded access to bank card clearing, commercial pension, health insurance, bond underwriting, treasury bond futures, and private equity business.

Conduct, Culture & Accountability

FINRA Issues First Fine Over Use of Social Media Influencers

By Editors | 23/03/2024

FINRA said M1 Finance did not review or approve the content in influencers’ posts or have written procedures in place for supervising those communications.