Enforcement

Taiwan FSC Orders Probe into Securities Firm Over Broker Suicide

06/09/2020

The brokerage firm is reportedly under scrutiny because a stock broker claimed in a suicide note that he was instructed to place orders for clients through a separate laptop in the office.

Securities / Derivatives

SEBI Asks Rating Agencies Not to Classify Restructured Debt as Default

06/09/2020

Credit rating agencies are asked not to consider debt restructured as a result of Covid-19 related stress as a default event.

Market Infrastructure

CBIRC Issues Action Plan to Enhance Governance at Banks, Insurers

06/09/2020

The action plan outlines a series of targeted measures and an implementation timetable to improve corporate governance at banks and insurers.

Securities / Derivatives

CSRC Issues New Norms for Public Sale of Investment Funds

05/09/2020

The revisions will further improve the conduct for fund sales and strengthen internal controls at fund sales institutions, the CSRC says.

Securities / Derivatives

New Zealand Extends Overseas Investment Notification Requirement

04/09/2020

The notification regime allows the government to impose conditions on or block transactions that are contrary to New Zealand’s national interest.

Fintech / Regtech

Australia Senate Committee on Fintech, Regtech Publishes Interim Report

04/09/2020

The committee has categorised the material presented under: Covid-19 issues, tax, regulation, access to capital, skills and talent, and culture.

Market Infrastructure

China Issues Draft Rules Easing Foreign Access to Bond Market

04/09/2020

The rules simplify application procedures for foreign bond investors, unify rules governing various investment channels, and optimise remittance and foreign exchange operations.

AML / KYC

SWIFT Details How Cyber Criminals Encash Stolen Funds

03/09/2020

In a new report, SWIFT and BAE Systems reveal how cyber attackers launder money and ‘cash out’ following large-scale heists.

Market Infrastructure

Amex Joint Venture Commences Card Clearing Operations in China

03/09/2020

The joint venture has launched bank card clearing services in partnership with 16 commercial banks, three mobile payment platforms, and nonbanking payment services providers.