Operational Risk

APRA Imposes Licence Conditions on Super Fund Trustee

25/01/2023

In APRA’s 2022 ‘MySuper Heatmap’, only one other super fund trustee charged more in administration fees than Diversa Trustees’ product.

Trading & Investment

CSRC Grants QDII Status to Morgan Stanley Unit

25/01/2023

Morgan Stanley Huaxin Fund Management is the 10th asset manager to obtain QDII status, which allows firms to invest offshore for mainland investors.

Market Abuse

Korean Regulator Promises to Punish Convertible Bond Abuse

25/01/2023

The FSS says unfair trade practices and market manipulation are occurring in private placements of convertible bonds.

KYC & CDD

France Maintains Public Access to Beneficial Owners Register

25/01/2023

The French government plans to define the future methods of access “soon”, taking into account the November decision by the CJEU.

Supervision & Enforcement

JFSA, ECB Agree to Cooperate on Banking Supervision

25/01/2023

The Memorandum of Cooperation covers procedures for information sharing and on-site visits, and the permissible uses and confidentiality of information shared.

Market Data & Technology

US SEC Fines Bloomberg Over “Misleading” BVAL Disclosures

25/01/2023

SEC commissioners Hester Peirce and Mark Uyeda issued a joint statement saying they do not support the action against Bloomberg.

Custody & Infrastructure

NYDFS Issues Guidance on Crypto Custody and Related Disclosures

25/01/2023

The guidance emphasises the “paramount importance of equitable and beneficial interest always remaining with the customer”.

Credit Risk

BNM Consults on Standardised Approach to Credit Risk Capital

25/01/2023

FIs are asked to provide feedback and complete an accompanying Quantitative Impact Study reporting template.

Anti-Money Laundering

Action Against Crypto Firm Bitzlato Yields Seizures, More Arrests

25/01/2023

Authorities seized EUR 18 million in crypto wallets and froze EUR 50 million in accounts at other crypto exchanges, Europol says.