Markets & Infrastructure

Credit Risk

Korea Propose Measures to Address Risks in Mutual Finance Sector

By Editors | 04/04/2023

Regulators proposed to raise the loan loss reserve requirement for lending to real estate and construction firms to boost loss-absorbing capacity.

Clearing & Post-Trade

Industry Asks ASIC to Lengthen SOFR OIS Implementation Period

By Sanday Chongo Kabange | 04/04/2023

ISDA and AFMA responded to an ASIC proposal to remove OIS contracts referencing USD LIBOR from derivatives clearing requirements and replace them with those referencing SOFR.

PEPs & Sanctions

US State-Level Sanctions Imposed on Foreign Adversaries

By Mark Johnston | 04/04/2023

More than a dozen US states already restrict or prohibit foreign ownership of and investments in private agricultural land.

AI Risk & Governance

Adopting Artificial Intelligence in Finance

By Larry Cao | 04/04/2023

CFA Institute’s Larry Cao discusses the opportunities and challenges of adopting AI tech in the investment industry.

Structural Regulation

ACCC Undecided About Authorising ANZ-Suncorp Merger

By Editors | 04/04/2023

The ACCC is calling for further submissions from industry and consumers on how the proposed acquisition may impact competition.

Conduct, Culture & Accountability

US Lawmakers Propose ‘Failed Bank Executives Clawback Act’

By Editors | 04/04/2023

The proposed bill would require the FDIC to claw back “all or part” of the compensation paid to executives in the five years preceding a bank’s failure.

Trading & Investment

Digital Vote Execution Service to Launch for Tokyo Market

By Editors | 04/04/2023

Issuers, investors and local sub custodians will gain efficiency and greater transparency from the new digitised e-voting service.

Clearing & Post-Trade

IMDA Conducts Paperless Cross-border Trade Using ETR

By Sanday Chongo Kabange | 04/04/2023

A paperless live shipment from Singapore to Thailand was successfully conducted through collaboration between IMDA, ExxonMobil, VLK and Bunkerchain.

Structural Regulation

APRA Reviews Data Collection on Access to Bank Branches

By Editors | 04/04/2023

The review is aimed at identifying ways APRA’s Points of Presence data collection can better capture indicators on how banking services are accessed.