Markets & Infrastructure

Trading & Investment

Philippine Exchange to Launch VWAP Trading on 1 March

By Sanday Chongo Kabange | 20/02/2024

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

Conduct, Culture & Accountability

CBA Fined A$10.3m for Underpaying Employees

By Editors | 20/02/2024

Across Australia, some 7,400 CBA and CommSec employees were underpaid A$16mn from 2015 to 2021.

Structural Regulation

SIFMA Backs Lawsuit Against SEC Over CAT Funding Model

By Mark Johnston | 19/02/2024

SIFMA and others say the SEC has unlawfully imposed “massive costs” on broker-dealers and investors by adopting a revised CAT funding model.

Trading & Investment

Japan to Allow Mutual Funds to Invest in Unlisted Shares

By Mark Johnston | 19/02/2024

The move will allow retail investors to buy into early stage startups, which will also gain access to more funding prior to an IPO.

Payments & Settlements

RBI Directs Card Networks to Stop Facilitating Certain B2B Payments

By Ajoy K Das | 19/02/2024

Card networks should not enable businesses to use fintech players as intermediaries to make card payments to non-card accepting recipients.

Anti-Money Laundering

NatWest to Claw Back Bonuses from Ex-Staff Over 2021 AML Fine

By Editors | 18/02/2024

Malus, clawback or reduction notices will be applied to ten individuals who were in role when the failures occurred but have since left NatWest.

Payments & Settlements

Bangladesh Bank Introduces Taka-Dollar Swap System

By Editors | 18/02/2024

The new system is expected to help the central bank rebuild foreign exchange reserves while also easing local currency liquidity stress.

Resolution & Recovery

HKMA Sets Out Resolution Planning Expectations in New Guidance

By Sanday Chongo Kabange | 17/02/2024

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

Structural Regulation

MAS Issues Additional Guidance for New Derivatives Reporting Regime

By Manesh Samtani | 16/02/2024

New FAQs are provided to support implementation of the new OTC derivatives reporting regime, which comes into force in October.