Enforcement

HKEX Finds Compliance Deficiencies at Exchange, Clearing Participants

25/02/2020

HKEX has asked 95 participants to address deficiencies relating to position limits and large open position reporting, risk management and China Connect trading activities.

ESG / Sustainability

APRA to Develop Climate Risk Guidance, Assess ADI Vulnerability

25/02/2020

APRA will develop guidance on climate change financial risk, conduct a vulnerability assessment of ADIs, and include ESG in superannuation investment governance guidance.

AML / KYC

Hong Kong Insurance Authority Allows Non-face-to-face Product Sales

25/02/2020

The temporary measures are aimed at reducing the risk of Covid-19 infection from face-to-face meetings between insurers, intermediaries and clients.

Capital / Liquidity

PBOC Expands Special Re-lending Programme to Help More Businesses

25/02/2020

The PBOC has instructed six state-owned banks to provide low-interest loans to a broader pool of companies than originally specified under a special re-lending programme earlier this month.

Capital / Liquidity

FSC Korea to Tighten Financial Conglomerate Supervision from May

25/02/2020

The FSC is revising its guidelines on the supervision of financial conglomerates to enhance capital adequacy assessments, disclosure rules, and internal controls requirements.

Securities / Derivatives

SFC Highlights Key Regulatory Initiatives in Quarterly Report

25/02/2020

Among the initiatives were the launch of the new OFC regime for private fund managers, a regulatory framework for virtual assets, and enhancements to the investor compensation regime.

Market Infrastructure

ASX Consults on Tranche 2 Rule Changes for CHESS Replacement

24/02/2020

ASX is consulting on operating rules relating to corporate actions, mFund and RTGS payment aspects for ‘Day 1’ implementation of CHESS Replacement system functionality.

Fintech / Regtech

HKMA Invites Tenders to Implement Data Automation, Analytics

24/02/2020

The HKMA is inviting tenders to provide the regulator implementation services for data automation and big data analytics.

Capital / Liquidity

China: Restoring NPL Recognition Standards May Take Years: S&P

24/02/2020

China’s relaxed bad loan recognition standards to help businesses through the Covid-19 outbreak may have long-term repercussions for the creditworthiness of some institutions.