All posts tagged "Governance"
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183Australia & NZAPRA Imposes Licence Conditions on CBA-owned Avanteos Investments
CBA-owned Avanteos Investments charged over 2200 deceased members adviser service fees for 15 years, resulting in a total financial impact of over A$6mn.
December 13, 2019 -
155EuropeUK Senior Managers Regime Now Covers All FCA Regulated Firms
All FCA regulated firms, including asset managers and hedge funds, now have to comply with the Senior Manager and Certification Regime, including for senior managers and key risk-takers hired at overseas branches.
December 13, 2019 -
285Fintech / RegtechCPMI Offers Guidance for Designers of Wholesale Digital Tokens
The report describes the potential innovations and design questions associated with digital tokens that could be used to settle large-value payments.
December 13, 2019 -
166Australia & NZACCC Proposes to Re-authorise Mortgage Broking Disciplinary Body
The ACCC typically re-authorises the MFAA for five years. A draft decision to reauthorise it for just two years is to allow it time to make Royal Commission-related changes to its disciplinary rules.
December 12, 2019 -
116Australia & NZASIC Launches Climate Risk Governance Surveillance Programme
ASIC has started contacting large companies as part of an investigation into climate risk governance. The findings are expected in July 2020.
December 12, 2019 -
180ChinaChina Issues Revised Trading Rules for Interbank FX Market
The rules are intended for both domestic and foreign institutions, in line with recent draft rules from SAFE that sought to allow foreign firms to trade RMB foreign exchange derivatives.
December 12, 2019 -
157EnforcementJapan SESC Recommends $22mn Fine for Nissan Underreporting
The fine would be Japan’s second-largest ever for false reporting on a corporate financial statement, after the 7.3 billion yen fine imposed on Toshiba in 2015.
December 11, 2019 -
266Big PictureBigTechs Could Raise Issues for Policymakers: FSB
BigTech firms could raise a range of issues for policymakers, warranting additional regulation and/or financial oversight over their activities, the FSB says in a new report.
December 10, 2019 -
236EuropeMiFID II Has Not Delivered Lower Market Data Costs: ESMA
ESMA is calling for a real-time consolidated tape for equity instruments to improve transparency and remedy the fragmentation in European capital markets.
December 9, 2019 -
236JapanJapanese Pension Fund Moves Against Short Sellers
Japan’s Government Pension Investment Fund, the world’s largest, said it will no longer allow overseas shares to be lent out from its global equity portfolio.
December 4, 2019
