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Resolution & Recovery
NZX Adds Financial Recovery Tools to Operational Rules
By Sanday Chongo Kabange | 04/09/2023
The amendments will take effect on 1 December, introducing five recovery tools to help manage a potential default by a market participant.

Structural Regulation
MAS to Get New Managing Director, Menon to Step Down
By Editors | 04/09/2023
Ravi Menon will step down from his role as managing director of MAS and retire from public service on 1 January 2024.

Capital Adequacy
Japan to Inject Public Funds into Regional Bank
By Editors | 04/09/2023
Kirayaka Bank will become the first regional bank in Japan to receive public funds since 2014.

Operational Risk
Taiwan: Cathay Financial Units Fined for Connectivity Issues
By Editors | 04/09/2023
Cathay Securities and Cathay Futures failed to perform capacity tests and application system stress testing operations, the FSC said.

Liquidity Risk
PBOC Cuts FX Reserve Requirement, Eases Mortgage Policies
By Manesh Samtani | 04/09/2023
The measures are part of efforts to support the economy, the property sector, and the Chinese yuan.

Trading & Investment
New Rules for CFD Trading Take Effect in Korea
By Editors | 03/09/2023
Only four of 13 local securities firms that offered CFD trading have decided to resume the service under the new regulations.

Trading & Investment
Investors Sue MUFG Unit Over Credit Suisse AT1 Losses
By Editors | 01/09/2023
The plaintiffs say Mitsubishi UFJ Morgan Stanley Securities sold them the AT1 bonds without providing sufficient explanations and in violation of suitability rules.

Resolution & Recovery
Chinese Regulators Ask Citic, CCB Units to Stabilise Zhongrong
By Editors | 01/09/2023
Citic Trust Co and CCB Trust Co are asked to stabilise operations at Zhongrong International Trust, which defaulted on its investment products in August.

Credit Risk
PBOC Pledges to Ease Funding Access for Private Enterprises
By Editors | 01/09/2023
Lenders will be required to set annual goals for lending to private enterprises; this lending will carry extra weight in banks’ performance reviews.

Resolution & Recovery
HKMA Consults on New Resolution Planning Guidance
By Manesh Samtani | 01/09/2023
The guidance focuses on the measures banks should have in place to ensure continuity of access to FMI services in a resolution scenario.
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