Securities / Derivatives

HKMA Relaxes Rules on Retail Sales of Government Bonds

02/08/2020

Banks can forgo suitability assessments and audio recordings when distributing low-risk, non-complex retail tranches of Hong Kong or Mainland government bonds.

Fintech / Regtech

BSP Pilot Tests New Chatbot for Consumer Complaints

31/07/2020

The chatbot can handle queries and complaints from consumers sent through chat via the BSP website, SMS, or Facebook messenger.

Fintech / Regtech

Italian Banks Adopt Blockchain to Reconcile Interbank Transactions

31/07/2020

55 banks are using a blockchain platform to share interbank transfer data and reconcile transactions, an initiative made possible by a rule change last May.

AML / KYC

Pakistan Senate Passes Amendments to Anti-Terrorism, UNSC Laws

31/07/2020

The amendments raise the maximum penalties for violating anti-terrorism laws, and empower the government to implement UN Security Council resolutions.

Securities / Derivatives

Bursa Malaysia to Introduce New Derivatives Products

31/07/2020

The derivatives products to be launched this year include new single stock futures, a revamped index futures contract, and ETFs linked to sectoral indices.

Securities / Derivatives

China: NAFMII Proposes Rules for Trading Credit Default Swaps

31/07/2020

Credit default swaps and credit-linked notes will provide investors additional tools to hedge against bond defaults and other credit events.

China Launches National Green Development Fund

31/07/2020

The National Green Development Fund will be used to invest in key areas of green development along the Yangtze River Economic Belt.

Enforcement

S. Korean Regulators Apologise for Private Fund Losses

30/07/2020

The FSC has meanwhile released new administrative guidance on private funds, aimed at strengthening supervision of the sector.

ASIC Tightens Timeframe for Complaints Handling in Financial Sector

30/07/2020

Superannuation trustees have 45 days to respond to a complaint, compared to 90 days previously. Other financial services and credit providers have 30 days.