Fraud, Scams & Cybercrime

China Vows ‘Zero Tolerance’ for Bond Issuer Misconduct

24/11/2020

The FSDC will strictly investigate any bond issuer suspected of fraudulent issuance, false disclosure, malicious transfers of assets, or misappropriation of funds.

Resolution & Recovery

CBIRC Approves Bankruptcy Filing by Baoshang Bank

23/11/2020

Baoshang Bank will become the first commercial bank to go bankrupt in China in almost 20 years. Earlier this month, regulators deemed the bank to be non-viable.

Trading & Investment

Shanghai INE Launches Bonded Copper Futures Contract

23/11/2020

The new bonded copper contract is the sixth commodities contract traded in China that is open to foreign investors. The launch was approved by the CSRC last month.

Structural Regulation

CSRC Seeks ‘Meaningful Dialogue’ with PCAOB on Audit Issues

23/11/2020

“We believe that with openness and professionalism, the two sides will certainly reach a consensus on a joint inspection scheme,” the CSRC said.

Sustainable Finance

Luxembourg, India Sign Three Market Cooperation Agreements

23/11/2020

An MOU between LuxSE and India INX will enable Indian issuers to dual-list green bonds in Luxembourg, thereby increasing their visibility and secondary market trading.

Trading & Investment

SEBI Directs Directs NSE to Triple Investor Protection Fund

23/11/2020

SEBI says it will review the adequacy of NSE’s investor protection fund on a half-yearly basis and that incremental contributions will be made “if required”.

Reporting & Disclosures

JPX Launches ‘Knowledge Hub’ to Promote ESG Investment, Disclosure

23/11/2020

The ESG Knowledge Hub provides information and guidance on ESG disclosure and investment from institutional investors, regulators, government and listed companies.

Capital Adequacy

HKMA Updates Rules for Banks’ Equity Investments in Funds

22/11/2020

The HKMA consulted on local implementation of the standard in January 2019. The new consultation contains amendments reflecting industry feedback.

KYC & CDD

South Pacific Nations Complete First Phase of KYC Facility Project

22/11/2020

The KYC facility will improve CDD processes and AML/CFT compliance, and support the provision of correspondent banking services to Pacific Island nations.