Financial Highlights from the Recent Week You Should Know About:
- COMPLIANCE: US Banks get a reprieve from Federal Reserve
The US Federal Reserve’s Vice Chair of Supervision, Michelle Bowman, has announced relaxed capital reserve requirements for US banks in order to boost lending while still keeping protections in place for the banking system. - CAPITAL MARKETS: Canada looks to reduce reporting requirements for public listings
With an eye on pumping new life into company listings, Canada is looking to get rid of quarterly reporting requirements and going to semi-annual for listed companies. - COMPLIANCE: Hong Kong authorities arrest 8 in insider trading probe
Hong Kong’s Independent Commission Against Corruption (ICAC) and the Securities and Futures Commission (SFC) carried out joint raids on two Chinese brokerages:
Guotai Junan International and Citic Securities and held eight employees on suspicion of insider trading. - AI IN BANKING/FINANCE/LAW: How Goldman Sachs is using AI
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