Trading & Investment

BlackRock Launches First Retail Fund Through New China Unit

01/09/2021

The fund will be distributed by three Chinese lenders. BlackRock plans to roll out passively-managed funds in China in the future as well.

Anti-Money Laundering

New Zealand Court Penalises TBS Bank for AML Breaches

31/08/2021

The court action against TSB Bank was the first civil proceedings brought by the RBNZ under the AML/CFT Act.

Structural Regulation

India Financial Reporting Authority Seeks Auditor Oversight Powers

31/08/2021

The National Financial Reporting Authority is preparing a draft bill to propose to the government that will grant it greater financial autonomy and broader regulatory powers.

Conduct, Culture & Accountability

Seoul Court Rules Against FSS in DLF Mis-selling Case

31/08/2021

An FSS decision to ban Woori Financial Group Chairman Son Tae-seung from the financial industry for three years is effectively nullified.

Structural Regulation

Australian Govt Freezes ASIC Levy for Financial Advisers

31/08/2021

Treasury will  review the ASIC Industry Funding Model to ensure it remains fit for purpose amid structural changes taking place in the advice industry.

Reporting & Disclosures

US SEC, BaFin Probe DWS Over ESG Investment – Reports

30/08/2021

The former global head of sustainability at DWS alleges that the firm overstated how many assets had been screened against ESG criteria.

Structural Regulation

China: Banks Asked to Comply with New WMP Rules Faster

30/08/2021

Banks are asked to start valuing newly invested fixed-term open-ended WMP assets based on market value starting from 1 September.

CBDCs

MAS Announces Finalists for Global CBDC Challenge

30/08/2021

The finalists include ANZ, Citibank, Consensys, HSBC, IBM, Soramitsu, Standard Chartered, among others. They will progress to an eight-week Acceleration Phase to further develop and refine their solutions.

Fraud, Scams & Cybercrime

HK Police Arrest Two in Corporate Fraud Case

30/08/2021

The arrests were made following a joint operation with the SFC against a listed company and its former senior executives suspected of corporate fraud involving HK$450mn.