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Markets & Infrastructure
Conduct, Culture & Accountability
Final Rules, Guidance Issued for Australia’s New Accountability Regime
By Mark Johnston | 08/03/2024
The Minister Rules, Regulator Rules, Transitional Rules, ADI key functions descriptions, and reporting form instructions have been finalised.
Payments & Settlements
India, Indonesia Agree to Use Local Currencies in Cross-border Transactions
By Ajoy K Das | 08/03/2024
The agreement will promote the use of INR and IDR in all current account and permissible capital account transactions.
Supervision & Enforcement
Singapore Passes Bill to Give MAS Greater Investigative Powers
By Editors | 08/03/2024
The Bill enhances MAS’ evidence-gathering powers and facilitates greater inter-agency coordination for all parts of the financial sector.
Sustainable Finance
Korea to Launch Carbon-linked ETNs for Retail Investors
By Editors | 08/03/2024
Korea’s Ministry of Environment, KRX and local securities firms are working to launch ETNs linked to carbon allowances by August this year.
Fraud, Scams & Cybercrime
Three Charged in Singapore Over Links to Billion-dollar Nickel Fraud
By Editors | 08/03/2024
The former CEO and two directors of Envysion Wealth Management have been charged over poor risk management and failure to mitigate conflicts of interest.
Trading & Investment
US SEC Enhances Disclosures on Order Execution Quality
By Editors | 08/03/2024
The amendments for the first time enable customers of larger broker-dealers to gain access to direct information about aggregate execution quality.
Structural Regulation
RBI to Require Card Issuers to Allow Customers to Choose Network
By Ajoy K Das | 08/03/2024
The RBI found from a review that some arrangements between card networks and card issuers are “not conducive to the availability of choice for customers”.
Payments & Settlements
Non-Banks Can Apply for ESAS Access at Year-End: RBNZ
By Editors | 07/03/2024
The RBNZ said its final ESAS access policy will balance its initial risk-based approach against the innovation and competition benefits the access will bring.
Trading & Investment
India’s AMFI Relaxes Rule on Payments to Fund Distributors
By Ajoy K Das | 07/03/2024
AMCs can pay trail commissions to new distributors after assets have been transferred from an old distributor by an investor, after 6 month cooling-off period.
Structural Regulation
ASIC Issues First Ever Penalty Against Market Operator
By Sanday Chongo Kabange | 07/03/2024
ASX has paid A$1.05mn for a pre-trade transparency failure caused by “carelessness rather than recklessness or intentional misconduct”.
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