Capital / Liquidity

UBS-Credit Suisse Merger Continues to See Opposition

13/04/2023

Swiss lawmakers symbolically voted against a liquidity package to support the merger, which is expected to formally close within a few months.

RBI Directs Lenders to Charge Loan Penalties More Fairly

13/04/2023

The RBI said penal charges on loans are intended to “inculcate a sense of credit discipline among borrowers” and as a “revenue enhancement tool”.

Crypto / Digital Assets

Blockchain Can Revolutionise Energy Sector – WEF Report

13/04/2023

The report offers guidance on conducting impact assessments of blockchain projects that encompasses environmental, social and economic impacts.

Sanctions

US, UK Announce Coordinated Sanctions Targeting Russia Facilitators

13/04/2023

US sanctions include International Investment Bank, a Russia-controlled financial institution in Hungary, and three of its current and former executives.

Securities / Derivatives

Super Funds that Fail Performance Test Must Improve Communications

13/04/2023

ASIC reviewed the performance communications of four super funds that failed APRA’s annual performance test for the second time last year.

Market Infrastructure

APRA to Defer Effective Date of New Operational Risk Standard

13/04/2023

APRA will move the effective date for the new operational risk management standard to 1 July 2025, one year later than was proposed.

Crypto / Digital Assets

FTX Has Recovered Over $7.3b in Cash & Liquid Crypto

13/04/2023

FTX attorney Andy Dietderich reportedly said the situation has stabilised and “the dumpster fire is out”.

AML / KYC

UK Tables Amendment to Introduce ‘Failure to Prevent Fraud’ Offence

13/04/2023

Prosecutors will be able to hold large companies to account if they do not have reasonable measures in place to prevent fraud by an employee.

ESG / Sustainability

Bursa Malaysia, PETRONAS Partner to Drive ESG Adoption

13/04/2023

PETRONAS, the largest corporate entity in Malaysia, will participate as an early adopter of Bursa Malaysia’s Centralised Sustainability Intelligence Platform.