Structural Regulation

BNM Issues Draft Rules for Electronic Trading Platforms

17/06/2019

BNM has issued a policy document laying out its expectations of companies providing electronic trading platforms in the FX and money markets.

Liquidity Risk

PBOC Extends Liquidity Support to Smaller Banks

17/06/2019

Liquidity will be provided by increasing rediscount and standing lending facility quotas, as concerns mount over the potential risks of smaller banks.

Supervision & Enforcement

ANZ in Compliance With Fees-For-No-Service Enforceable Undertaking

17/06/2019

ASIC is satisfied with ANZ’s compliance with a March 2018 court enforceable undertaking related to the bank’s fees for no service issue.

Sustainable Finance

India INX Launches Trading Platform for Green Bonds

17/06/2019

BSE-owned India INX has listed the bonds of three Adani-group subsidiaries on its new green bonds platform.

Supervision & Enforcement

APRA Uses New Directions Powers Against AMP Super

17/06/2019

AMP superannuation units have been ordered to make significant changes to their business practices, and to renew and strengthen their board.

Supervision & Enforcement

SFC, CSRC to Facilitate Cross-Border Investigations

17/06/2019

The SFC and CSRC have agreed on a new cooperative framework to facilitate and coordinate cross-border investigations in “high impact or urgent cases”.

Market Abuse

ICBC US Brokerage Unit Penalised for Unlawful ADR Practices

17/06/2019

ICBC Financial Services LLC will pay over $42m to the US SEC for improper handling of ‘pre-released’ ADRs, and $3m to the DOJ for conspiring to rig bids related to the release of ADRs.

KYC & CDD

HKMA Sets Out AML/CFT Best Practices for SME Onboarding

17/06/2019

A thematic review has concluded that authorised institutions have in general applied the risk-based approach to AML/CFT measures, but there is room for improvement.

Trading & Investment

Shanghai’s New Tech Board to Commence Trading Within 2 Months

15/06/2019

China has held a launch ceremony for Shanghai’s new board, termed the ‘SSE STAR Market’. Trading is expected to commence within 2 months with about 30 companies.