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The heatmap is designed to emphasise underperformance, not to be used as a peer ranking mechanism or give a pat on the back to better-performing superannuation products.

The framework will serve as an interim mechanism to deal with any urgent situation at systemically important NBFCs, pending the introduction of a full resolution framework.

The CSRC has revised its rules for futures exchanges to align with new developments, existing futures market practices, and international standards, as well as to improve front-line supervision.

While open banking has the potential to transform banking services and bank business models, greater attention must be paid to the risks that come with increased data sharing.

APRA has published a new information paper setting out a tougher approach to lifting standards of governance, culture, remuneration and accountability across the financial industry.

The new firm will offer "debtor-in-possession" loans to SMEs, allowing incumbent chief executives to remain in control during restructuring.

CBIRC spot checks have revealed that small businesses were forced to buy in-house insurance products as conditions for obtaining financing at Beijing branches of the two banks.

According to AUSTRAC's statement of claim, each of the 23 million contraventions attracts a civil penalty between A$17mn and A$21mn.

The relief is granted through a legislative instrument that state that the suspension of the compliance scheme framework applies until 31 October 2022.

The measure has been put in place to detect the diversion of client securities by brokers at an early stage so allow for appropriate preventive measures.