Trading & Investment

HKEX Launches First Tranche of MSCI Futures Contracts

06/07/2020

HKEX has launched ten new index futures contracts, part of its new licensing agreement with MSCI announced in May.

Trading & Investment

PBOC Announces Planned Enhancements to Bond Connect

06/07/2020

The enhancements will include measures to reduce fees, extend trading hours, expand Bond Connect trading platforms; and enhance primary market service offerings.

Market Abuse

ASIC Penalises Credit Suisse for Breaching Trading Rules

05/07/2020

Credit Suisse did not match client orders for on-market buy-backs on an order book as is required by ASIC’s market integrity rules.

Fraud, Scams & Cybercrime

Nearly 500,000 Australians Deplete Retirement Savings

05/07/2020

Industry Super Australia estimates that 480,000 Australians have wiped out their superannuation savings through the government’s early release scheme.

Capital Adequacy

State Council Authorises Local Governments to Fund Small Banks

05/07/2020

China’s State Council has reportedly agreed to allow local governments to purchase convertible bonds issued by certain small and midsize banks.

PEPs & Sanctions

Global Banks Seek Clarity on ‘Hong Kong Autonomy Act’

05/07/2020

Under the legislation, banks can be penalised for conducting a ‘significant transaction’ with Chinese individuals or entities named as having contributed to the erosion of Hong Kong’s autonomy.

Payments & Settlements

BSP On Course to Issue Central Bank Securities in Q3

05/07/2020

February 2019 amendments to the Central Bank Act restored the BSP’s authority to issue debt paper as part of its regular operations to manage liquidity and monetary policy.

Anti-Money Laundering

Singapore Authorities Probe Two Companies with Wirecard Links

04/07/2020

Citadelle Corporate Services is said to have handled Wirecard monies without a trust business licence. Senjo Group is said to have falsified accounts.

KYC & CDD

Taiwan Financial Firms Call for KYC Rule Changes

04/07/2020

Taiwanese financial firms are asking the FSC to allow identity authentication methods other than the unwieldy government-issued Citizen Digital Certificates.