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Markets & Infrastructure
Conduct, Culture & Accountability
Goldman Sachs Settles Gender Bias Lawsuit for $215m
By Editors | 11/05/2023
The settlement requires Goldman to hire independent experts to analyse its gender pay gaps and performance evaluation and career advancement processes.
Capital Adequacy
HKMA Specifies Regulatory Treatment of Swap Connect Margins
By Editors | 10/05/2023
Margins posted by banks to OTC Clear for participating in Swap Connect should be treated in the same manner as default fund contributions.
Structural Regulation
IOSCO Publishes Guidance on Enhancing SPAC Regulations
By Editors | 10/05/2023
The report focuses on addressing dilution risk, the protection of retail investors, and the “significant backlog” of SPACs seeking to avoid liquidation.
Trading & Investment
Hong Kong Passes Bill to Grant Tax Incentives to Family Offices
By Editors | 10/05/2023
The tax concession will be applicable to any years of assessment commencing on or after 1 April 2022.
Data Privacy
China Tightens Scrutiny of Foreign Consulting and Audit Firms
By Editors | 10/05/2023
Capvision is accused of stealing state secrets, foreign auditors are under increased scrutiny, and Chinese data providers are blocking overseas access to their databases.
Fraud, Scams & Cybercrime
MAS to Consult on Scam Loss Sharing Framework in Q3
By Manesh Samtani | 09/05/2023
Senior Minister Tharman Shanmugaratnam said the framework will include obligations for telcos, not just FIs and consumers.
Market Data & Technology
SEBI Issues IT System Testing Framework for MIIs
By Editors | 09/05/2023
SEBI says market infrastructure institutions, being systemically important, require their own IT systems testing framework.
Structural Regulation
International Court Reduces Compensation Korea Has to Pay Loan Star
By Editors | 09/05/2023
The Korean government would still have to pay $216mn to US private equity firm Lone Star, despite the reduction.
CBDCs
BNP Paribas to Start Providing e-CNY Services in China
By Editors | 09/05/2023
BNP Paribas will partner with Bank of China to launch an e-CNY services for corporate clients and explore the CBDC’s use in supply chain finance and other areas.
Market Data & Technology
Philippine SEC Issues Guidelines on Financial Instrument Identifiers
By Editors | 09/05/2023
The SEC issued guidelines on the allocation of ISIN, CFI and FISN codes to financial instruments in the Philippines.
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