Enforcement

Australia to Investigate Amex Over Data Privacy Concerns

17/04/2023

The OAIC will investigate American Express over its data handling protocols and potential national security risks.

Capital / Liquidity

Chinese D-SIBs to Start Issuing TLAC Bonds by June

17/04/2023

China’s four G-SIBs have started working on issuing their first TLAC bonds. Each bank is planning to raise at least CNY 10 billion.

Securities / Derivatives

ASX Considers Closing Settlement Service for Unlisted Funds

17/04/2023

The mFund Settlement Service caters to unlisted managed funds. ASX is considering closing the service.

Sanctions

G7 Says Switzerland Is Not Doing Enough to Combat Sanctions Evasion

17/04/2023

Switzerland, though officially neutral, has frozen Russian assets worth about a third of the EUR 21.5 billion frozen across the EU.

Securities / Derivatives

CFFEX Set to Launch 30 Year Treasury Bond Futures

16/04/2023

CFFEX already offers futures trading in 2-year, 5-year, and 10-year treasury bond futures. The 30-year contract will start trading on Friday (21 April).

Capital / Liquidity

Fed Approves UBS Acquisition of Credit Suisse US Subsidiaries

16/04/2023

UBS needs authorities in 58 countries to approve the merger, which will create a business with more than $5tr in total invested assets.

Securities / Derivatives

CSRC Consults on Rules to Enhance Independent Director System

16/04/2023

A qualification system, code of professional ethics, and information database for independent directors of listed companies will be established.

Enforcement

SocGen Agrees to $105m Euribor Rigging Settlement

16/04/2023

If approved by the court, the settlement would mean investors have won USD 651.5 million in Euribor-rigging settlements with seven banks.

ACCC Proposes Reforms to Australia’s Merger Laws

16/04/2023

Current laws do not require merger parties to notify the ACCC of planned mergers, or to wait for clearance before they complete the merger.