Enforcement

CSRC Probes Haitong Securities in Financial Reporting Fraud Case

10/09/2021

Haitong is suspected of negligence and violations of law and regulations when it served as financial adviser on a deal to help a client on a backdoor listing deal.

Market Infrastructure

GBA Wealth Management Connect Set for Launch

10/09/2021

The southbound leg of Bond Connect will also be launching shortly. A press release will be held this afternoon to announce implementation details.

Capital / Liquidity

APRA, RBA to Discontinue Committed Liquidity Facility

10/09/2021

APRA and the RBA consider there to be sufficient HQLA for banks to meet LCR requirements and for the foreseeable future without the need to utilise the CLF.

AML / KYC

Taiwan to Revise Authentication Rules to Facilitate Digital Banking

10/09/2021

The new rules allow banks to use biometric authentication methods to fulfill identity authentication requirements for internet-based applications.

Big Picture

ISDA Publishes New Papers Examining ESG Market

10/09/2021

The papers focus on KPIs for sustainability-linked derivatives and the accounting treatment for ESG transactions.

Securities / Derivatives

First BlackRock Mutual Fund in China Raises $1bn

10/09/2021

BlackRock is the first foreign asset manager to launch a wholly-owned onshore mutual fund business in China.

Securities / Derivatives

Australian Carbon Exchange Expected to Launch in 2023

10/09/2021

Australia’s Clean Energy Regulator has invited 13 companies including ASX to participate in an RFP to develop an exchange-traded market and registry for carbon offset units.

Enforcement

Australian Court Fines Allianz, AWP for Deceptive Conduct

09/09/2021

Allianz and AWP will pay a total AUD 1.5 million for engaging in misleading and deceptive conduct when selling travel insurance.

Enforcement

Hong Kong ICAC Charges Ex-HSBC Banker for Accepting Bribes

09/09/2021

The bribes were paid as an inducement to or reward for the ex-banker to conceal the identity of the ultimate controller of two SMEs that obtained loans from HSBC.