Disclosure can backfire in unexpected and harmful ways and should not be relied upon by itself to drive good consumer outcomes, ASIC says in a joint report with the Dutch regulator.
October 17, 2019The clarification is important for new rules that will impose a cap on investments in non-standard credit assets by banks’ wealth management products.
October 17, 2019The main changes relate to increased reporting, better and more timely disclosure by listed investment companies, and new measures to address listing rule breaches.
October 11, 2019Speaking at the Summit, BOE governor Mark Carney lauded Japan's support for the TCFD, but said more needs to be done globally to enhance climate-related financial disclosures.
October 9, 2019The SFC has published new requirements for virtual asset fund managers, relating to capital, best execution, liquidity and custody, among other areas.
October 7, 2019New Zealand’s FMA is seeking feedback on how responsible investment products should be described, labelled and promoted to investors.
September 30, 2019Only China, Hong Kong, Japan and Singapore are fully consistent with all nine IOSCO principles on suitability requirements for the distribution of complex financial products.
September 27, 2019Financial compensation totalling A$730,000 was offered to 215 clients who were harmed by poor advice, while another 21 clients received non-financial remediation.
September 20, 2019The BSP has revised its financial consumer protection framework to ensure banks conduct their business ethically and refrain from practices that may cause harm to consumers.
September 12, 2019The new guidance describes climate change as a "systemic risk that could have a material impact on the future financial position, performance or prospects of entities".
August 14, 2019