Credit Risk

Korea Relaxes FHC Rules on Lending to Overseas Subsidiaries

15/12/2023

The FSC said the amendments, effective on 1 January, will “contribute to revitalising the overseas expansion of Korean financial companies”.

Market Abuse

SBI Securities Accused of Manipulating Stock Prices – Reports

15/12/2023

SBI Securities allegedly asked investors to buy shares in stocks that it underwrote on the first day of trading to prop up their stock prices.

Resolution & Recovery

Design of Deposit Insurance Systems to Undergo Review

15/12/2023

The 2023 banking turmoil highlighted issues requiring further analysis to inform a review of IADI’s Core Principles for Effective Deposit Insurance Systems.

Trading & Investment

IOSCO Proposes Good Practices for Handling Market Outages

14/12/2023

IOSCO’s new consultation report identifies five good practices for trading venues to consider for improving market-wide resilience during an outage.

Clearing & Post-Trade

US SEC Adopts New Clearing Rules for Treasury Market

14/12/2023

The rule changes, designed to reduce the potential for systemic risk, will require more Treasury market trades to be centrally cleared.

Structural Regulation

Tokyo Bourse to Start Using Letters in Stock Codes

14/12/2023

All TSE listed securities are represented by 4-digit numbers. From 1 January 2024, letters will be used in stock codes for new listings.

Anti-Money Laundering

EU Lawmakers Reach Agreement on AMLA Establishment

14/12/2023

Co-rapporteur Eva Maria Poptcheva said the new Anti-Money Laundering Authority will be a “game changer to crack down on dirty money in the EU”.

CBDCs

Japan: Expert Panel Calls for CBDC Preparations to Start

14/12/2023

A panel of experts said work should begin “without delay” on laying the legal groundwork for the issuance of a digital yen.

PEPs & Sanctions

US and UK Announce New Round of Sanctions on Hamas Leadership

14/12/2023

The coordinated US and UK asset freezes and travel bans target Hamas leaders and financiers throughout the Middle East.