Conduct, Culture & Accountability

Australian Court Orders Penalty Against CBA for Overcharged Interest

10/04/2021

CBA was ordered to pay A$7mn for a systems error that resulted in over 1,500 customers being charged a higher interest rate on overdraft accounts.

Fraud, Scams & Cybercrime

Malaysian Court Orders Restitution for 2009 Investment Scheme

10/04/2021

The Securities Commission had filed a civil suit against RBTR Asset Management and five others in 2009 for misleading investors.

Trading & Investment

SGX, NZX Sign Partnership on Dairy Derivatives

10/04/2021

NZX intends to delist its suite of dairy derivatives contracts from the NZX Derivatives Market and relist equivalent contracts on SGX.

ESG Data

IMF Launches Climate Change Indicators Dashboard

08/04/2021

The platform brings together experimental climate change indicators to fill existing data gaps and allow comparisons across countries.

Operational Risk

UPDATED – Bangladesh: Banks, Stock Exchanges Shorten Work Hours

08/04/2021

Banks were asked to carry out all transactions from 10am to 12.30pm during the lockdown and to only keep branches open until 2pm.

Conduct, Culture & Accountability

NH Investment Asked to Fully Compensate Optimus Investors

08/04/2021

An FSS arbitration panel has advised NH Investment to pay full compensation to two investors for failing to properly explain the risks of Optimus funds.

Trading & Investment

Exchanges Seek Better Calibration of Circuit Breakers: WFE

08/04/2021

Eleven exchanges recalibrated their circuit breakers during the pandemic or as a consequence of it, according to a new WFE paper.

Anti-Money Laundering

FinCEN Consults on Beneficial Ownership Reporting Requirement

08/04/2021

FinCEN is asking for written comments on the implementation of the beneficial ownership information reporting of the Corporate Transparency Act.

Nature & Biodiversity

NGFS, INSPIRE to Study Financial Risks of Biodiversity Loss

07/04/2021

The research will seek to understand how central banks and supervisory authorities can fulfil their financial stability mandates in the context of biodiversity loss.