Cloud & Infrastructure

Cambodia: Securities Regulator to Undergo Digital Transformation

15/04/2020

The Securities and Exchange Commission of Cambodia will develop a digital reporting system and adopt technology requirements in its regulatory framework.

Structural Regulation

Thailand: SET Gets Powers to Respond to Market Disruptions

15/04/2020

In a market disruption event, the SET board now has the power to prohibit short selling and algorithmic trading on the spot, among other measures.

Conduct, Culture & Accountability

Bangladesh: Bankers Get Incentives to Work During Lockdown

15/04/2020

The central bank has ordered banks pay officers and employees full month salary for 10 days’ work during Covid-19 lockdown.

Liquidity Risk

ASIC Eases Financial Advice Rules to Facilitate Super Withdrawals

15/04/2020

Under ASIC relief, advice providers, tax agents and superannuation trustees are allowed to advise consumers on early withdrawals of their superannuation savings.

Reporting & Disclosures

IOSCO Forms Task Force to Address Sustainable Finance Issues

15/04/2020

The Task Force will work on sustainability and ESG disclosure challenges for investors, including to enhance transparency and address investor protection issues.

Emerging Prudential Risks

G7 Nations Back Debt Relief for Vulnerable Emerging Markets

14/04/2020

The G7 has declared its support for a temporary suspension of debt service payments due on official bilateral claims for all countries eligible for World Bank concessional financing.

Anti-Money Laundering

Westpac Expects to Pay A$900m Over AML Breaches

14/04/2020

While the bank expects to make a provision of A$900mn over AUSTRAC’s claim, it says the actual penalty may be materially higher or lower than this amount.

Emerging Prudential Risks

FSB Updates G20 on Coordinated Response to Covid-19

14/04/2020

Since mid-March, FSB members have reported about 850 discrete actions to address the financial and economic fallout related to Covid-19.

Structural Regulation

China’s Top Two Brokerage Firms Explore Merger – Report

14/04/2020

A merger between Citic Securities and CSC Financial would create a $67bn investment bank, surpassing the market cao of most other foreign competitors.