The proposed rules are aimed at protecting the US financial system from money laundering enabled by shell companies and all-cash real estate deals.
The Depositor Compensation Scheme will protect up to NZD 100,000 per depositor, per licensed deposit taker, and is expected to be operational in late 2023.
The approval process will be simplified for foreign securities firms to change their status in Korea from a branch office to a subsidiary, and vice versa.
The lower relending rate is expected to reduce funding costs for small and medium-sized banks and incentivise them to make agricultural and small business loans.
Banks are "strongly encouraged" to enhance their green and sustainability programmes to encompass climate risk management and the sound practices.
The certification of the two contracts means they can be offered and sold to persons in the US, and that US investors can trade the contracts from within the US.
The class action alleges ANZ contravened the ASIC Act by charging retrospective interest and interest on purchases that were paid off in a timely manner.
Cyber risk, pandemic, and geopolitical risk cited as the top threats to financial markets, but climate change and inflation are gaining pace.
Rules and regulations from the CSRC, SSE and SZSE will be merged and integrated into 182 regulations, a reduction of 60 percent.
Under Project Jura, tokenised assets and foreign exchange transactions were settled safely and efficiently using PvP and DvP mechanisms, the BIS said.
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