Securities / Derivatives

MAS Issues Liquidity Risk Management Guidance for Funds

13/10/2023

The new information paper sets out expectations in four areas: governance, product design, ongoing LRM, and stress testing.

Crypto / Digital Assets

US Regulators File Suit Against Former CEO of Voyager Digital

13/10/2023

The CFTC and FTC filed parallel actions alleging Stephen Ehrlich misled customers and caused more than $1bn in losses to Voyager customers.

Securities / Derivatives

SFC Proposes New Guidelines for Market Soundings

12/10/2023

The proposed guidelines introduce a common set of “Core Principles” for market soundings to prevent misuse of non-public information.

AML / KYC

ML/TF Risks Facing the Australian Legal Profession: Report

11/10/2023

Luke Murphy, president of the Law Council of Australia, said there are vulnerabilities but they can be managed by augmenting existing controls.

China’s Real Estate Crisis Could Worsen, Warns IMF

11/10/2023

House price declines could cause the balance sheets of banks and households to worsen and amplify financial risk.

Capital / Liquidity

FSB Considers Ways to Improve Bank Resolution Framework

11/10/2023

The FSB said its review of the Credit Suisse case validated the “appropriateness and feasibility” of the existing framework for resolving G-SIBs.

Capital / Liquidity

NZ FMA Has Recommendations on Protecting Client Assets

09/10/2023

The FMA has proposed a review of the regulatory settings for custodians in New Zealand, including a possible licensing regime.

Fintech / Regtech

ASX Pledges to Remediate Issues Identified in RBA Assessment

09/10/2023

The RBA said ASX has been operating at a “heightened level of overall risk level for an extended period” and this needs to be addressed “promptly”.

Capital / Liquidity

UK’s Metro Bank Secures £925m Rescue Deal

09/10/2023

NatWest, Santander, Lloyds, JPMorgan and HSBC were among the lenders that considered bids for some of Metro Bank’s assets over the weekend.