Markets & Infrastructure

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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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    Conduct, Culture & Accountability

    BSP Issues New Rules on Handling Financial Complaints

    By Sanday Chongo Kabange | 13/04/2023

    The new rules take effect on 1 May, requiring all regulated FIs to have a complaint handling mechanism and effectively handle consumer disputes.

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    Conduct, Culture & Accountability

    Super Funds that Fail Performance Test Must Improve Communications

    By Editors | 13/04/2023

    ASIC reviewed the performance communications of four super funds that failed APRA’s annual performance test for the second time last year.

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    Payments & Settlements

    Goldman to Offer Treasury Services to Japan Corporates

    By Editors | 13/04/2023

    Japan will be the first country in Asia where Goldman will offer transaction banking. The service is already offered in the US, UK, Germany and Netherlands.

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    Trading & Investment

    Malaysia to Launch Capital Market Graduate Programme

    By Editors | 13/04/2023

    The programme aims to improve the knowledge and employability of 9,000 university graduates to address a deficit of skilled talent in the capital market.

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    Structural Regulation

    SFC Fines Ninety One HK Unit for Unlicensed Futures Dealing

    By Editors | 12/04/2023

    Ninety One did not have a Type 2 (dealing in futures contracts) licence, believing it could rely on SFO exemptions to deal in futures contracts.

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    Trading & Investment

    SEBI Issues Framework to Improve IPO Price Band Discovery

    By Editors | 12/04/2023

    Stock exchanges will have to compute a common equilibrium price for IPO listings if their call auctions result in equilibrium prices that are too far apart.

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    Trading & Investment

    CFTC Fines Goldman Sachs for Swaps Conduct Failures

    By Editors | 12/04/2023

    The CFTC said Goldman touted supposed benefits of same-day swap transactions to clients, but not the corresponding costs.

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    Structural Regulation

    FSC Korea Tightens Regulations on Bank Closures

    By Editors | 11/04/2023

    The changes are intended to better protect consumers from sudden decisions by lenders to wind down operations, as seen in the case of Citibank Korea in late 2021.

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    Alternative Markets

    SEBI Mandates Direct Plan, Trail Fee Model for AIFs

    By Editors | 11/04/2023

    SEBI said AIFs should ensure onboard investors who approach them through a SEBI-registered intermediary are onboarded via direct plan.

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