Markets & Infrastructure

    Conduct, Culture & Accountability

    Australian Court Dismisses ASIC Lawsuit Against CBA

    By Editors | 03/10/2022

    The Federal Court ruled that ASIC failed to establish that CBA received conflicted remuneration when distributing Colonial First State’s superannuation product.

    Trading & Investment

    Hong Kong to Launch Dual Counter Trading in H1 2023

    By Editors | 03/10/2022

    A market-maker system will be established to facilitate yuan-denominated stock trading. Stamp duty will be waived for market makers providing liquidity for yuan shares.

    Trading & Investment

    India Allows FPIs to Trade Commodity Derivatives Market

    By Editors | 03/10/2022

    Since 2018, FPIs been allowed to trade exchange-traded commodity derivatives but only to hedge actual underlying exposures to physical commodities.

    Trading & Investment

    Taiwan Tightens Short Selling Rules to Stabilise Market

    By Editors | 03/10/2022

    The measures tighten limits on the volume of intraday securities lending orders, and raised the margin requirements on securities lending.

    Capital Adequacy

    APRA Removes CBA’s Remaining A$500m Capital Add-on

    By Editors | 03/10/2022

    The A$1bn capital add-on imposed on CBA in May 2018 was halved in November 2020, and has now been completely removed.

    Structural Regulation

    1M, 6M Synthetic GBP LIBOR to Cease at End March, FCA Says

    By Editors | 03/10/2022

    The FCA is still considering when to cease the 3-month synthetic GBP LIBOR setting, and whether to compel IBA to produce synthetic USD LIBOR settings after mid 2023.

    Conduct, Culture & Accountability

    US SEC Fines Deloitte China Over Audits of US-Listed Companies

    By Editors | 02/10/2022

    Deloitte China personnel asked certain Chinese clients to select their own samples for testing and prepare their own audit documentation.

    Supervision & Enforcement

    US SEC Fines Barclays $361m for Securities Over-issuances

    By Editors | 02/10/2022

    Barclays did not have controls in place to track offers and sales of securities against the amount of registered offers and sales.

    Sustainable Finance

    FMSB Publishes Spotlight Review on Voluntary Carbon Markets

    By Sanday Chongo Kabange | 02/10/2022

    The spotlight review details the key challenges of VCMs and offers recommendations to help in their transition into a mature asset class.

    Trading & Investment

    SEBI Modifies Rules on Daily Price Limits for Commodity Futures

    By Editors | 02/10/2022

    Exchanges may relax the daily price limit in “exceptional circumstance” to resolve price differences between local and overseas markets.

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