Enforcement

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.

Big Picture

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.

AML / KYC

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.

ESG / Sustainability

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.

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.

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.

Securities / Derivatives

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BlackRock has withdrawn its private fund manager registration to pave the way for the launch of its new wholly-owned mutual fund unit in China.

Market 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.

Market Infrastructure

Japan to Start Publishing TORF Production Rates from 26 April

07/04/2021

QUICK Benchmarks, formed in January 2021, has been publishing TORF prototype rates weekly since May 2020 and daily since October 2020.