Conduct, Culture & Accountability

IOSCO Offers Guidance on Curbing Online Misconduct

13/10/2022

IOSCO’s new report offers recommendations to address risks from online marketing and distribution of financial products targeting retail investors.

Sustainable Finance

Hong Kong Launches Sustainable Finance Internship Initiative

13/10/2022

A centralised repository has been launched offering information about green and sustainable finance internship openings offered by FIs and other companies.

Operational Risk

APRA Orders RACQ to Uplift Risk, Compliance Frameworks

12/10/2022

APRA identified issues with RACQ’s risk and compliance framework and practices, unclear accountabilities, and an “immature risk culture”.

Conduct, Culture & Accountability

SFC Fines Asset Manager Over European Rule Breaches

12/10/2022

ARCM failed to implement adequate systems and controls to monitor its short position and ensure it was properly reported and disclosed to the public.

Reporting & Disclosures

ASIC is Investigating Firms for Possible Greenwashing

12/10/2022

The investigations involve super fund trustees, listed companies and one managed fund. Net-zero claims are a key area facing scrutiny.

Cryptocurrency

Coinbase, Blockchain.com Win In-principle Approval in Singapore

12/10/2022

MAS has granted in-principle approval to Coinbase and Blockchain.com. Currently, nine firms have full licences to offer regulated crypto services in Singapore.

Reporting & Disclosures

Singapore: SIAS Joins Fight Against Greenwashing

12/10/2022

Chief executive David Gerald said the Securities Investors Association of Singapore working to enhance its guidance for annual reports to combat greenwashing.

Emerging Prudential Risks

IMF Says Global Environment is Fragile, Storm Clouds Brewing

12/10/2022

Up to 29 percent of emerging market banks would breach their capital requirements in a severe global recession.

Trading & Investment

UK Court Allows Legal Actions Against LME to Proceed

12/10/2022

The LME says the decision to allow the Elliott and Jane Street cases to proceed is “entirely procedural” and “in no way a ruling on the merits” of the claims.