Markets & Infrastructure

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    Reporting & Disclosures

    Korea to Develop Fund Manager Guidance on Exercise of Voting Rights

    By Editors | 15/04/2023

    There is currently insufficient guidance on the exercise of voting rights, particularly for issues involving corporate governance and ESG matters, the FSS said.

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    Operational Risk

    Former TSB Executive Fined Over 2018 IT Migration Failure

    By Editors | 14/04/2023

    TSB Bank’s chief information officer was fined for his management of a key outsourcing relationship fell below expected standards.

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    AI Risk & Governance

    Tiger Brokers Tests ‘TigerGPT’ Chatbot as Investment Assistant

    By Editors | 14/04/2023

    The OpenAI-powered chatbot is said to be the “first deployment of an AI investment assistant in the brokerage industry”.

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    Payments & Settlements

    Japanese JCB Cards to be Accepted in Saudi Arabia

    By Editors | 14/04/2023

    JCB cards will be accepted at Points of Sale and ATMs across Saudi Arabia through a partnership with Saudi National Bank.

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    Cryptocurrency

    LCH to Start Clearing BTC Futures and Options in Q4

    By Editors | 14/04/2023

    LCH will clear Bitcoin index futures and options contracts traded on GFO-X, an FCA-regulated digital asset derivatives trading venue.

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    Structural Regulation

    Almost $3b Locked Up in Hong Kong MPF Accounts

    By Editors | 14/04/2023

    Advocacy group Hong Kong Watch estimates 96,000 people are being prevented from access their MPF funds after they moved to the UK with BNO passports.

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    Structural Regulation

    Australia Consults on Super Fund Financial Reporting Requirements

    By Sanday Chongo Kabange | 13/04/2023

    New financial reporting and auditing requirements for super funds will be consistent with those that apply to public companies and registered schemes.

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    Structural Regulation

    UK Authorities Issue Statement on Upcoming Cessation of USD LIBOR Panel

    By Mark Johnston | 13/04/2023

    The statement emphasises the importance of active transition and reminds participants that synthetic LIBOR can only be used as a temporary bridging tool.

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    Resolution & Recovery

    UBS-Credit Suisse Merger Continues to See Opposition

    By Editors | 13/04/2023

    Swiss lawmakers symbolically voted against a liquidity package to support the merger, which is expected to formally close within a few months.

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    Credit Risk

    RBI Directs Lenders to Charge Loan Penalties More Fairly

    By Editors | 13/04/2023

    The RBI said penal charges on loans are intended to “inculcate a sense of credit discipline among borrowers” and as a “revenue enhancement tool”.

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