Following findings from Australia’s Financial Services Royal Commission, APRA is likely to review its regulatory approach and focus much more on conduct issues
Reporting and Governance
SFC makes it easier for public whistleblowers to report misconduct
Hong Kong public encouraged by the SFC to report on suspected cases of market abuse as the regulator seeks to further curb activities such as insider trading and share price manipulation
PRA prompts financial firms to focus on climate risks
The PRA is stepping up pressure on banks to pay more attention to climate change related financial risks following a consultation that is likely to be a step towards eventual regulation
AMF finds good and bad practices relating to MiFID
France’s AMF finds a mix of good and bad practices in relation to MiFID II compliance following a thematic inspection at the beginning of the year
Apra releases paper to help with Bear compliance
Apra releases guidelines to help banks embed the country’s accountability regime into their everyday practices to improve conduct.
Climate change rises to become a systemic risk
Financial risks relating to climate change are rapidly becoming an important consideration within banks thanks to the TCFD, whose recommendations are starting to drive change in lending policies. By Justin Pugsley.
Positions harden over exchange data fees
War of words heats up over exchange data fees as SEC choses not to rule on whether they are excessive or not
ANNA sets up benchmarks task force to help develop identification codes
The Association of National Numbering Agencies is working with benchmark administrations to find ways to help with market adoption of identification codes
Tech proliferation echoes pre-crisis boom in complex derivatives
The proliferation of cognitive-type technologies is a new challenge for compliance teams to monitor, but their rapid development and complexity mean non-specialists are having trouble keeping up. By Justin Pugsley.
Barclays ‘DerivHack’ develops CDM post-trade derivatives model
A Barclays sponsored hackathon has potentially identified new paths for making post-trade derivatives processes more efficient using ISDA’s common domain model and may transform how the industry interacts with regulators. By Justin Pugsley
