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Conduct, Culture & Accountability
ASIC Finalises Guidance on Completing Timely Remediations
By Editors | 28/09/2022
ASIC says it should not have to oversee remediations in order for consumers to receive fair and timely outcomes.
Structural Regulation
NZ FMA Proposes to Update Guidance on Broker Obligations
By Editors | 28/09/2022
The FMA is proposing to update its 2014 guidance to align with regulatory updates and incorporate additional guidance for custodians.
Payments & Settlements
MAS, IMDA Propose Measures to Make SGQR More Interoperable
By Manesh Samtani | 28/09/2022
Merchant acquirers will have to remove all proprietary static QR code payment labels. A new fee model will be introduced for SGQR members.
Conduct, Culture & Accountability
HKMA Launches Enhanced Competency Framework on Compliance
By Editors | 28/09/2022
The ECF-Compliance establishes a set of common and transparent competency standards for practitioners working in banks’ compliance functions.
Structural Regulation
CBIRC Relaxes Rules on Non-Capital Bond Issuance by Banks
By Editors | 27/09/2022
The requirement for banks to seek approval for individual issuances of non-capital bonds is removed. Qualifications of senior executives also no longer need approval.
Structural Regulation
SEBI Orders Separation Between CRAs and Non-Rating Affiliates
By Editors | 27/09/2022
Credit rating agencies are directed to strengthen their internal firewalls and formulate a policy on their separation/firewall practices by January 2023.
KYC & CDD
Deutsche Bank to Settle US Shareholder Lawsuit for $26m
By Editors | 27/09/2022
Shareholders said Deutsche Bank made false statements about its KYC and AML processes and caused losses to investors when its client list was made public.
Conduct, Culture & Accountability
BOE, FCA to Consult on Removing Banker Bonus Cap
By Editors | 26/09/2022
The cap, which limits bonuses to twice basic salary, was introduced in the EU in 2014 to curb excessive risk-taking.
Structural Regulation
Tokyo Bourse Issues Guidance on Making English Disclosures
By Editors | 26/09/2022
The TSE says the disclosure of corporate information in English is becoming increasingly important to attract foreign investment.
Trading & Investment
SEBI to Tighten Rules on Algo Trading Offered to Retail
By Editors | 26/09/2022
SEBI will scrutinise firms offering algorithmic trading services that claim high returns but cannot be audited or validated.
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