Fraud, Scams & Cybercrime

Korean Prosecutors Raid KEB Hana Bank over Optimus Fund Mis-selling

30/09/2020

Prosecutors are looking to determine whether the bank purchased privately placed bonds under Optimus’ request or instruction.

Capital Adequacy

APRA Resumes Consultation on Confidentiality of ADI Data

29/09/2020

APRA proposes that ADI data related to capital adequacy, liquidity, asset quality, financial statements, and financial performance be determined non-confidential.

Trading & Investment

Singapore Extends Measures on Electronic Offer Documents

29/09/2020

Listed issuers and parties involved in rights issues and takeover or merger transactions can electronically disseminate offer documents for 9 more months.

Liquidity Risk

RegTech Asia 2020: Liquidity Risk During a Crisis

29/09/2020

How has Covid-19 impacted liquidity risk management at banks, and how they can better prepare for future market volatility and ongoing credit demands?

Anti-Money Laundering

US Law Firms Look to Capitalise from FinCEN Files

29/09/2020

US law firms are inviting investors to participate in class actions if they lost money in HSBC and StanChart stock following the release of the FinCEN Files.

Supervision & Enforcement

SFC Fines China Everbright Over Expired Standing Authority

29/09/2020

The standing authority used to pledge client securities to obtain credit lines from banks was not renewed due to a miscommunication between compliance teams.

Conduct, Culture & Accountability

HKEX Chief Charles Li to Step Down at Year-end

29/09/2020

Charles Li will step down as HKEX Chief Executive on 31 December 2020, but remain as Senior Advisor to the Board for six months.

Credit Risk

Malaysia Extends Margin Financing Flexibilities to Year-end

29/09/2020

The temporary margin financing relief measures due to expire on 30 September will be extended to 31 December 2020.

Credit Risk

MAS in Talks with Banks on Extending Relief for Borrowers

29/09/2020

MAS may extend relief measures announced in March which allowed principal and interest payments on loans to be postponed until year-end.