LATEST NEWS

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    Enforcement

    APRA Imposes Licence Conditions on Super Fund Trustee

    By Editors | 25/01/2023

    In APRA’s 2022 ‘MySuper Heatmap’, only one other super fund trustee charged more in administration fees than Diversa Trustees’ product.

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    Securities / Derivatives

    CSRC Grants QDII Status to Morgan Stanley Unit

    By Editors | 25/01/2023

    Morgan Stanley Huaxin Fund Management is the 10th asset manager to obtain QDII status, which allows firms to invest offshore for mainland investors.

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    Big Picture

    Tokenisation Can Threaten Financial System Stability: Denis Beau

    By Mark Johnston | 25/01/2023

    Banque de France official says tokenisation increases operational risks, especially cyber risks, and needs to be regulated “as swiftly as possible”.

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    Enforcement

    Korean Regulator Promises to Punish Convertible Bond Abuse

    By Editors | 25/01/2023

    The FSS says unfair trade practices and market manipulation are occurring in private placements of convertible bonds.

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    Big Picture

    Regulation Increasingly Seen as Effective Way to Boost Cyber Resilience

    By Manesh Samtani | 25/01/2023

    New report by World Economic Forum and Accenture finds that 73% of business leaders think regulations are effective in reducing cyber risks.

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    AML / KYC

    France Maintains Public Access to Beneficial Owners Register

    By Editors | 25/01/2023

    The French government plans to define the future methods of access “soon”, taking into account the November decision by the CJEU.

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    JFSA, ECB Agree to Cooperate on Banking Supervision

    By Editors | 25/01/2023

    The Memorandum of Cooperation covers procedures for information sharing and on-site visits, and the permissible uses and confidentiality of information shared.

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    Enforcement

    US SEC Fines Bloomberg Over “Misleading” BVAL Disclosures

    By Editors | 25/01/2023

    SEC commissioners Hester Peirce and Mark Uyeda issued a joint statement saying they do not support the action against Bloomberg.

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    Crypto / Digital Assets

    NYDFS Issues Guidance on Crypto Custody and Related Disclosures

    By Editors | 25/01/2023

    The guidance emphasises the “paramount importance of equitable and beneficial interest always remaining with the customer”.

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    Capital / Liquidity

    BNM Consults on Standardised Approach to Credit Risk Capital

    By Editors | 25/01/2023

    FIs are asked to provide feedback and complete an accompanying Quantitative Impact Study reporting template.

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