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Structural Regulation
Australia’s First Islamic Bank Prepares for Limited Launch
By Editors | 14/10/2022
Customers will be charged rent while living under the bank’s share of a property, rather than paying interest.
Trading & Investment
CME Confirms 14 April 2023 for Conversion of Eurodollar F&O
By Editors | 14/10/2022
CME will amend its eurodollar futures and options fallback rules to set the conversion date to 14 April 2023.
Cryptocurrency
FASB is Moving to Fair Value Accounting for Crypto Assets
By Manesh Samtani | 14/10/2022
The FASB has decided to move away from the current impairment model in favour of fair value accounting for crypto assets.
Trading & Investment
UBS, HSBC Facilitate First QFII Commodity Derivatives Trades in China
By Editors | 14/10/2022
China has recently expanded its QFII programme to include more than 40 commodity futures and options contracts, as well as CFFEX stock options.
Payments & Settlements
RBA Suffers, and Recovers from, Four-Hour Outage
By Editors | 14/10/2022
The outage disrupted real-time and overnight payments routed through the NPP, causing a backlog of transactions which the RBA is working to clear.
Trading & Investment
Taiwan FSC Further Tightens Short Selling Rules
By Editors | 14/10/2022
The FSC already tightened its short selling regulations at the beginning of this month to stabilise the local stock market.
Conduct, Culture & Accountability
US SEC Probing Funds, Advisers on Staff Messaging Practices
By Editors | 13/10/2022
The SEC’s probe into the use of personal devices and messaging apps has reportedly expanded beyond broker-dealers to include investment funds and advisers.
Structural Regulation
US SEC Approves Update to Electronic Recordkeeping Rule
By Editors | 13/10/2022
The amendments add an audit-trail alternative allowing electronic records to be preserved in a way that permits recreation if original records are altered, over-written, or erased.
Conduct, Culture & Accountability
IOSCO Offers Guidance on Curbing Online Misconduct
By Editors | 13/10/2022
IOSCO’s new report offers recommendations to address risks from online marketing and distribution of financial products targeting retail investors.
Operational Risk
APRA Orders RACQ to Uplift Risk, Compliance Frameworks
By Editors | 12/10/2022
APRA identified issues with RACQ’s risk and compliance framework and practices, unclear accountabilities, and an “immature risk culture”.
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