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Market Infrastructure
HKEX to Launch Sustainable Finance Information Platform, ‘STAGE’
By Manesh Samtani | 18/06/2020
Initially, ‘STAGE’ will host information on the 44 green bonds and two ESG-related ETFs listed in Hong Kong. Over time, it could expand to include equities, overseas products, and derivatives.
Securities / Derivatives
US Federal Reserve Launches Bond-Buying Programme
By Manesh Samtani | 16/06/2020
A step not taken during the 2008 GFC, the Fed has started to buy corporate bonds in the secondary market, in a bid to support market liquidity and ensure credit availability.
Market Infrastructure
EC Proposes Simplified Approach to Supervising Non-EU CCPs
By Editors | 14/06/2020
Under the new approach, third-country CCPs that are not deemed systemically important will only be subject to basic ESMA supervision, relying on ‘comparable compliance’.
Securities / Derivatives
Thailand SEC Supports LuxSE Listings by Domestic Firms
By Editors | 10/06/2020
Thai bond issuers can list their securities on LuxSE’s BdL or Euro MTF; or alternatively obtain a profile listing on the SOL to gain visibility on the Luxembourg Green Exchange.
Enforcement
Luckin Coffee Chairman Likely to Face Criminal Charges – Report
By Editors | 08/06/2020
The CSRC and Ministry of Finance have reportedly found new email evidence indicating that chairman Lu Zhengyao instructed his colleagues to commit fraud.
AML / KYC
Singapore to Tighten AML Rules for Casinos – Report
By Editors | 08/06/2020
Singapore’s legislated threshold for cash transactions that are subject to due diligence is higher than the $3,000 threshold set by the FATF.
AML / KYC
Typhoon Trump: Hong Kong Braces for US Sanctions
By Nick Turner | 08/06/2020
Nick Turner at Steptoe & Johnson discusses how sanctions could be imposed against Hong Kong. While current signs point to a limited US response, it’s best to be prepared.
Market Infrastructure
Chinese Regulators Respond to US Threat Against Hong Kong
By Manesh Samtani | 08/06/2020
The PBOC and CBIRC have offered assurances that Hong Kong’s status as an international financial centre will not be jeopardised under the new national security law.
AML / KYC
US Seeks Extradition of Money Launderer Jailed in S. Korea
By Editors | 07/06/2020
A civil forfeiture complaint alleges that Kenneth Zong, a US citizen held in Korea, conspired with Iranian nationals in 2011 to launder $1bn through the UAE and other countries.
Fintech / Regtech
Sri Lanka SEC Approves Rules to Digitalise Stock Market
By Duruthu E Chandrasekera | 07/06/2020
Sri Lanka’s SEC has approved rules to enable electronic account opening, trading and settlement at the Colombo Stock Exchange.
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