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Fraud, Scams & Cybercrime
Allianz to Pay $6bn to Settle Investor Fraud Cases
By Editors | 18/05/2022
Allianz Global Investors admitted that it violated the federal securities laws, and is disqualified from providing advisory services to US funds for ten years.
Sustainable Finance
Tokyo Bourse to Pilot Carbon Market in September
By Editors | 17/05/2022
The TSE has been commissioned to develop Japan’s first carbon credits market. Full-scale operations will be launched in FY2023-2024.
Trading & Investment
US Investment Banks Pause Work on New SPAC Deals
By Mark Johnston | 17/05/2022
New rules from the SEC have reportedly prompted Goldman, Bank of America and Citigroup to scale back their involvement in SPAC deals.
Clearing & Post-Trade
HKEX Sets 13 June Launch Date for New VaR Platform
By Editors | 17/05/2022
The VaR Platform will replace the existing flat-rate model for calculation of margin and HKSCC Default Fund contributions.
Trading & Investment
SSE Consults on Market Making Rules for STAR Market
By Darien Choong | 17/05/2022
The consultation comes as the CSRC releases final regulations on the introduction of a market-making mechanism for the STAR Market.
Structural Regulation
ASIC Consults on Final Derivatives Reporting Rules
By Manesh Samtani | 17/05/2022
ASIC will implement the UTI and LEI requirements on 1 October 2023, and the UPI and CDE on 1 April 2024.
Structural Regulation
Australian Groups Call for Better Regulation of BNPL Services
By Sanday Chongo Kabange | 16/05/2022
Charities and consumer groups are calling for BNPL services to be regulated like other credit products to prevent unnecessary financial harm.
Conduct, Culture & Accountability
APRA Orders Super Trustee to Improve Governance
By Editors | 16/05/2022
APRA said the direction was necessary to ensure NESS Super Pty Ltd expedites the appointment of an additional independent director.
Clearing & Post-Trade
India’s NSDL Launches Blockchain Platform for NCD Market
By Editors | 16/05/2022
The new platform will record NCD creation, continuously monitor covenants and asset cover, and track credit ratings.
Conduct, Culture & Accountability
Bank Culture Regarded as Critical Governance Priority: Report
By Manesh Samtani | 16/05/2022
Financial regulators are prioritising psychological safety, ‘speak up’ culture, and the ability to “predict and prevent” stakeholder harm, says a report from Starling.
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