Fraud, Scams & Cybercrime

Australia: Allianz, AWP Plead Guilty for Making False Statements

19/06/2022

Charges were filed against Allianz Australia Insurance and AWP Australia in February last year.

Market Abuse

Australian Court Fines Money Transfer Firm for Exchange Rate Fixing

18/06/2022

Four individuals were also sentenced to jail on criminal cartel charges, but they were released on good behaviour bonds.

Clearing & Post-Trade

HKEX to Host Preparatory Workshops for New FINI Platform

17/06/2022

HKEX will explain the API development requirements for the new IPO settlement platform, set to launch in June 2023.

Clearing & Post-Trade

TAIFEX to Launch OTC Derivatives Clearing Service Next Month

17/06/2022

The FSC has granted TAIFEX recognition as a QCCP ahead of the launch, which will boost capital efficiency for market participants.

Sustainable Finance

Bank of China Issues First Notes Aligned to Updated CGT

17/06/2022

The Common Ground Taxonomy, first published in November by the EU and China, was updated following consultation.

Payments & Settlements

Myanmar Grants Exemptions to FX Conversion Rule Ban

17/06/2022

Myanmar is granting granted an exemption to select companies involved in FDI approved by the Myanmar Investment Commission.

Credit Risk

New Zealand: Responsible Lending Rules to Change on 7 July

17/06/2022

Responsible lending laws introduced in December have been blamed for causing tighter credit conditions for New Zealand borrowers.

Resolution & Recovery

BOE Asks Major Banks to Improve Resolution Plans

17/06/2022

The BOE said it found shortcomings in resolution plans prepared by HSBC, Lloyds Banking Group and Standard Chartered.

Clearing & Post-Trade

HK Clearinghouses Adjusts Capital Requirement for GCPs

16/06/2022

General clearing participants have to maintain liquid capital of HK$100mn for their first five non-clearing participants, and HK$20mn for each additional non-clearing participant.