Trading & Investment

PBOC Approves Development of ‘Standardised Notes’

20/08/2019

Standardised notes are tradable beneficiary certificates backed by a pool of commercial paper or bankers’ acceptances with similar maturities.

Fraud, Scams & Cybercrime

Unauthorised New Zealand Adviser Faces Lengthy Jail Term

20/08/2019

A New Zealand court has reportedly convicted an unauthorised financial adviser of 38 charges relating to a long-running fraud which funded a lavish lifestyle of private jets and jewellery.

Credit Risk

CBIRC Urges Acceptance of IP Pledges as Loan Collateral

20/08/2019

Financial institutions are encouraged to “actively carry out intellectual property pledge financing business” to provide greater support to innovative enterprises in their development.

Supervision & Enforcement

SFC, ICAC Formalise Cooperation Arrangement with MoU

20/08/2019

The MoU covers case referrals, joint investigations, the exchange and use of information, mutual provision of investigative assistance, and capacity building.

Conduct, Culture & Accountability

Australia Accelerates Post Royal Commission Reform

20/08/2019

Under the government’s implementation roadmap, close to 90% of its remaining commitments will be implemented by mid-2020, and legislation for the rest will be introduced by end-2020.

Trading & Investment

ASX to Move Bank Bill Futures to Cash Settlement

19/08/2019

It is widely believed that cash-settled contracts will increase trading activity and liquidity into and throughout expiry, and result in lower risk of failed settlement.

Emerging Prudential Risks

PBOC Reforms Interest Rate Setting Mechanism

19/08/2019

The new market-oriented mechanism for calculating the Loan Prime Rate is expected to lower the cost of borrowing nationwide.

Market Risk

HKMA Adjusts Initial Margin Implementation Schedule

19/08/2019

The HKMA has adjusted its implementation schedule for the incoming requirements, taking into account the one-year phased extension announced by BCBS and IOSCO in July.

Trading & Investment

HKEX Proposes Changes to Pre-Open Session, Volatility Controls

19/08/2019

The proposals aim to improve market liquidity and global competitiveness of the Hong Kong market, HKEX says in a new consultation paper.