Topic: Public consultations

ASIC brings in royal commission reforms

Six “game changer” reforms will go live at the start of October in response to the Hayne Royal Commission, Australia’s securities regulator has promised, including breach reporting requirements and changes to product design and distribution requirements.

13 August 2021

EBA set to classify MMFs as shadow banks

The European Banking Authority has called on financial market participants to consider money market funds as shadow banks, as division emerges over fellow EU regulator the European Securities and Markets Authority’s proposal to revamp their liquidity buffers.

28 July 2021

Industry groups protest Biden anti-consolidation push

US President Joe Biden has called on regulators to look again at their approval process for bank mergers in a new anti-consolidation executive order.

12 July 2021

National authorities must cooperate more, say EBA standards

The European Banking Authority has finalised its standards for supervisory colleges to coordinate national regulators’ supervision of investment firms operating within multiple EU member states.

07 July 2021

ECB considers blocking bank appointments on gender basis

The European Central Bank will include a bank’s gender diversity as a “component of collective suitability” when considering new board and executive appointments, under new proposed updates to its "fit and proper" criteria.

16 June 2021

Hong Kong to drop local incorporation requirement for VASP licensees

Following industry pushback, Hong Kong’s government has proposed a compromise on plans to require a “local anchorage” for virtual asset service providers seeking a licence in the territory, as part of an update to its anti-money laundering framework.

24 May 2021

Singapore consults on corporate governance

Singapore’s regulatory authority is consulting on revised corporate governance guidelines for financial institutions, as regulators in Malaysia, Hong Kong and Japan emphasise sustainability and diversity in their own recent corporate governance overhauls.

12 May 2021

APRA consults on remuneration guidance after rigidity complaints

Australia’s prudential regulator is consulting on the country’s remuneration guidance ahead of a prudential standard to be finalised later this year, as Dutch authorities also prepare to overhaul their remuneration rules.

04 May 2021

UK outlines mandatory climate disclosure plans

The United Kingdom has announced its plans for mandatory climate-related disclosures under TCFD guidelines.

25 March 2021

FATF seeks tougher checks on WMD proliferation financing

The Financial Action Task Force has proposed tightening banks’ risk indicators for financing the proliferation of weapons of mass destruction, a week after it announced Pakistan would remain on its “greylist” for persistent terrorist financing issues.

08 March 2021

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