11/19/2020
FSB to Address NBFI Vulnerabilities as Key Priority in Year Ahead
The report highlights a number of areas where FSB members believe that additional investigation is warranted, including money market funds, liquidity risks in open-ended funds, margin dynamics, and bond market structure and liquidity.
11/19/2020
New move on limited advice licenses amid ASIC review
ASIC on Tuesday kicked off the consultation process within its affordable advice review by issuing a consultation paper outlining a number of central questions.
11/19/2020
ASIC’s Chester claims chair Shipton was 'opaque' on expenses
Chester also confirmed that a late set of documents provided to the ANAO in relation to the expenses issue had originated from Shipton’s personal computer.
11/19/2020
SEC Rule Change Could Fuel Chinese Delistings
The new restrictions could take effect as soon as 2022.
11/19/2020
ASIC has also prepared a draft information sheet to help licensees understand their reference checking and information sharing obligations.
11/19/2020
The Need for Tranche 2 AML Reform in Australia
As recently as 12 November, the Australian Greens proposed an amendment to an AML Bill before the Senate to regulate lawyers, conveyancers, accountants, high-value dealers, real estate agents, trust and company service providers.
11/19/2020
HKMA Consults on Local Implementation of Final Basel III Reforms
The consultation does not cover the revised market risk framework and the revised CVA framework, which will be addressed in a separate consultation.
11/19/2020
Islamic funds with “waqf” features enable investors to participate in socially impactful activities.
11/19/2020
Frydenberg’s tough message to regulators – you have enough powers
“Our regulators now have the tools they need to deliver on their mandate without needing to come to government with more requests,”
11/18/2020
Appleby Advises Lumina Group
Lumina provides fire safety services in Hong Kong.
11/18/2020
Choi Jong-ku, former chairman of the regulatory Financial Services Commission, had previously been deemed a plausible choice, but Choi declined to be named.
11/18/2020
The marquee bad debt headline was held by state-owned energy firm Yongcheng Coal & Electricity Holding Group, which defaulted on 1 billion yuan ($152 million) last Friday and sent coal miner bonds nationwide tumbling.
11/18/2020
Singapore was among the first in Asia to unveil massive stimulus, and in March sought to tap its national reserves for the first time since the global financial crisis.
11/18/2020
The RBNZ is consulting on detailed rules on how it will implement the decisions.
11/18/2020
Our local and international teams here are growing each year, covering not just Singapore and the US, but major jurisdictions like Australia, India and the UK.
11/18/2020
The number of members who will be eligible to make the withdrawals also jumps from around 600,000 previously to two million.
11/17/2020
This means that the company’s current board, including founder-CEO Olivia Lum, will have to step down.
11/17/2020
The new draft responds to industry feedback from the initial consultation
11/17/2020
ASIC has outlined a number of key matters to be considered as part of any implementation plans.
11/17/2020
The FSB prepared the guidance to support jurisdictions and authorities in determining whether there is a gap in the resources and tools available for resolution that must be addressed.