ACCC Undecided About Authorising ANZ-Suncorp Merger

04/04/2023

The ACCC is calling for further submissions from industry and consumers on how the proposed acquisition may impact competition.

Enforcement

US SEC Fines Merrill Lynch for FX Fee Disclosure Failures

04/04/2023

Merrill Lynch agreed to pay disgorgement, prejudgment interest, and a civil penalty totaling more than $9.5mn and to distribute funds to harmed clients.

Capital / Liquidity

US Lawmakers Propose ‘Failed Bank Executives Clawback Act’

04/04/2023

The proposed bill would require the FDIC to claw back “all or part” of the compensation paid to executives in the five years preceding a bank’s failure.

Fintech / Regtech

Digital Vote Execution Service to Launch for Tokyo Market

04/04/2023

Issuers, investors and local sub custodians will gain efficiency and greater transparency from the new digitised e-voting service.

ESG / Sustainability

ICVCM Publishes Standards for Carbon Credit Certifiers

04/04/2023

The first batch of carbon offsets carrying ICVCM’s stamp of approval is expected to be available by year-end.

AML / KYC

KoFIU Shares Findings from On-site Inspections at VASPs

04/04/2023

KoFIU issued reprimands, cautions and KRW 490 million in fines against five crypto exchanges, executives and employees.

APRA Reviews Data Collection on Access to Bank Branches

04/04/2023

The review is aimed at identifying ways APRA’s Points of Presence data collection can better capture indicators on how banking services are accessed.

Market Infrastructure

UK FCA Announces Decision on Synthetic USD LIBOR Rates

04/04/2023

1-, 3- and 6-month synthetic USD LIBOR rates will continue to be published for 15 months after the USD LIBOR bank panel ceases on 30 June.

Securities / Derivatives

CME Group Launches Offshore Yuan Options Contracts

04/04/2023

Traders no longer view the yuan as an emerging-market currency like it was ten years ago, said Chris Povey.