Operational Risk

UPDATED – Bangladesh: Banks, Stock Exchanges Shorten Work Hours

08/04/2021

Banks were asked to carry out all transactions from 10am to 12.30pm during the lockdown and to only keep branches open until 2pm.

Conduct, Culture & Accountability

NH Investment Asked to Fully Compensate Optimus Investors

08/04/2021

An FSS arbitration panel has advised NH Investment to pay full compensation to two investors for failing to properly explain the risks of Optimus funds.

Trading & Investment

Exchanges Seek Better Calibration of Circuit Breakers: WFE

08/04/2021

Eleven exchanges recalibrated their circuit breakers during the pandemic or as a consequence of it, according to a new WFE paper.

Anti-Money Laundering

FinCEN Consults on Beneficial Ownership Reporting Requirement

08/04/2021

FinCEN is asking for written comments on the implementation of the beneficial ownership information reporting of the Corporate Transparency Act.

Nature & Biodiversity

NGFS, INSPIRE to Study Financial Risks of Biodiversity Loss

07/04/2021

The research will seek to understand how central banks and supervisory authorities can fulfil their financial stability mandates in the context of biodiversity loss.

Conduct, Culture & Accountability

APRA Approves Westpac Plan to Strengthen Risk Governance

07/04/2021

The integrated plan outlines a comprehensive program of work to enhance Westpac’s risk culture and risk governance.

Trading & Investment

SORA Property Loans Provide Interest Rate Stability: UOB

07/04/2021

Borrowers say the certainty, transparency and stability are key factors affecting their willingness to choose SORA-based loan products.

Structural Regulation

BlackRock Paves Way for Mutual Fund Business in China

07/04/2021

BlackRock has withdrawn its private fund manager registration to pave the way for the launch of its new wholly-owned mutual fund unit in China.

Cloud & Infrastructure

Mizuho May Seek Compensation from Hitachi for System Glitch

07/04/2021

The delay of 263 transactions for corporate clients was said to be caused by a malfunction in a disk storage device made by Hitachi.