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Structural Regulation
Credit Suisse Secures Deal to Fully Acquire China Securities JV
By Editors | 12/09/2022
The deal would make Credit Suisse the latest global bank to control 100% of its onshore securities venture after JP Morgan and Goldman Sachs.
Payments & Settlements
HKMA, BOT Exploring Cross-border Payments Arrangement
By Editors | 12/09/2022
Visitors would be able to use their home faster payment system to pay for shopping and food in each other’s markets via their mobile phones.
Payments & Settlements
US Appeals Court Rules for Citi in Revlon Dispute
By Editors | 12/09/2022
The court ruled that Revlon lenders cannot keep USD 500 million they were sent in error by Citigroup, which was acting as the loan agent.
Operational Risk
Taiwan FSC Fines Taishin Bank Over Debt Collection Mistakes
By Editors | 12/09/2022
The bank has been incorrectly sending debt collection notices to non-debtors for ten years due to poor internal controls, the FSC said.
Payments & Settlements
CPMI Issues Update on ISO 20022 Harmonisation Work
By Manesh Samtani | 12/09/2022
High-level harmonisation requirements for cross-border payments will take effect in 2025, and be adopted by all existing usage guidelines.
Payments & Settlements
China to Pilot Financial Services Using Railway Transport Documentation
By Darien Choong | 11/09/2022
Banks in five cities will pilot the use of railway transport documentation to offer financial services to foreign trade enterprises.
Trading & Investment
NZ FMA Concerned Over Retail Involvement in Stock Lending
By Editors | 09/09/2022
The FMA says investors should make sure the risks and returns are properly explained before they allow their shares to be lent out.
Structural Regulation
Australia to Reverse Regulations for Litigation Funders
By Editors | 09/09/2022
Litigation funding schemes will regain exemptions from requirements to hold an AFS licence and be subject to the same regulations as managed investment schemes.
Conduct, Culture & Accountability
HKMA Launches Online Resource for Aspiring Bankers
By Editors | 08/09/2022
The new platform, Banking GPS, provides information on major bank functions and job openings, tips on job-hunting, and experience sharing from practitioners.
Clearing & Post-Trade
CPMI, IOSCO Consider Ways to Boost Client Clearing Access
By Editors | 08/09/2022
Practices to facilitate porting need to be further developed to ensure clients can continue to access clearing in the event of an intermediary default.
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