Structural Regulation

Australian Competition Tribunal Approves ANZ-Suncorp Merger

20/02/2024

ANZ and Suncorp welcomed the decision, while acknowledging that additional approvals are still needed to complete the deal.

Trading & Investment

Philippine Exchange to Launch VWAP Trading on 1 March

20/02/2024

Volume weighted average price (VWAP) trading enables investors to execute large orders without artificially inflating securities prices.

Liquidity Risk

BOK Governor Discusses Measures to Prevent Digital Bank Runs

20/02/2024

Governor Rhee Chang-yong said the Bank of Korea is considering allowing NBFIs to use its lending facility.

Operational Risk

APRA Consults Again on Super Fund Financial Resources Rules

19/02/2024

APRA’s new consultation proposes a “simpler approach” to its operational risk financial requirement (ORFR).

Anti-Money Laundering

Seven Arrested in Hong Kong’s Largest Ever Money Laundering Case

19/02/2024

The case involves a total of about HK$14 billion of suspected crime proceeds. HK$185 million in assets has so far been frozen or seized.

Anti-Money Laundering

SkyCity Facing NZ Court Proceedings for Alleged AML Failures

19/02/2024

The DIA alleges that SkyCity did not meet various obligations required under the AML/CFT Act.

Resolution & Recovery

HKMA Sets Out Resolution Planning Expectations in New Guidance

17/02/2024

A new chapter has been added to the Code of Practice setting out the measures banks should have in resolution plans.

Market Abuse

Korean Prosecutors Search HSBC, BNP Offices in Short Selling Probe

16/02/2024

The searches are part of a mandatory criminal investigation for violations of the Capital Markets Act.

Conduct, Culture & Accountability

ASIC to Hold Directors Accountable for Unethical Lending

10/02/2024

Deputy Chair Sarah Court said ASIC will not hesitate to step in to protect vulnerable Australians from unethical lending practices.