Market Abuse

FCA to Ban Ex-Mizuho Traders for Manipulating Italian Bond Futures

11/12/2022

The FCA said the three traders repeated a pattern of “deliberate and intentional market manipulation on a number of occasions and were dishonest.”

Capital Adequacy

RBNZ to Introduce New Capital Instrument for Mutual Banks

11/12/2022

The RBNZ will allow mutual banks to issue a so-called Mutual Equity Tier 1 (MET1) capital instrument, a new instrument that can qualify as CET1 capital.

Clearing & Post-Trade

EU Commission Proposes New Rules on Clearing, Listing

11/12/2022

EU market participants will have to hold “active accounts” at EU CCPs for clearing certain systemic derivatives. Dual class shares will be introduced.

Capital Adequacy

Hong Kong Unveils Insurance Sector Development Roadmap

11/12/2022

The roadmap includes plans to explore ways to connect Mainland and Hong Kong insurance markets and introduce a new policyholders’ protection scheme.

KYC & CDD

Luxembourg Restores Partial Access to Beneficial Owners Register

10/12/2022

Access is being reinstated for journalists and certain professionals that require beneficial ownership information for AML/CFT.

Credit Risk

RBI Tightens Rules on Loan Securitisations

10/12/2022

Local market participants say the move will reduce the volume of tradable securities available in the market, but improve the quality of securitisations.

Structural Regulation

CSRC Authorises Fidelity to Operate Onshore Mutual Funds Business

10/12/2022

Fidelity International’s approval comes after similar approvals were granted to Neuberger Berman, Manulife Financial Corp and BlackRock.

Market Abuse

US Probes FTX Founder for Suspected Terra Manipulation

09/12/2022

Prosecutors are reportedly looking into whether Sam Bankman-Fried manipulated the prices of TerraUSD and Luna to benefit entities he controlled.

KYC & CDD

AUSTRAC Issues Guidance to Help Customers Without Standard IDs

09/12/2022

The guidance will help FIs develop alternative customer identification and verification procedures to help customers that are unable to meet standard ID requirements.