Securities / Derivatives

SGX to List World’s Largest Chinese Pure Government Bond ETF

17/09/2020

CSOP Asset Management’s inaugural ETF on SGX will track the performance of fixed-rate government bonds issued in China as measured by a FTSE Russell index.

Capital / Liquidity

Taiwan FSC Fines Shin Kong Life for Endangering Solvency

17/09/2020

The FSC has also suspended the Shin Kong Life’s chairman, who was responsible for the investment decisions that threatened the insurer’s financial strength.

Capital / Liquidity

APRA Proposes Updates to Bank Liquidity Reporting Requirements

17/09/2020

APRA has identified areas where reporting instructions can be clarified to facilitate the provision of timely information on bank liquidity risk.

Enforcement

SFC Fines BEA for 13 Year Failure to Segregate Client Securities

17/09/2020

There was no evidence of client loss as a result of BEA’s regulatory breaches, and the bank has undergone remedial actions to enhance its internal systems and controls.

Securities / Derivatives

ASX Revises Temporary Emergency Capital Raising Measures

17/09/2020

To use the emergency capital raising measures, companies must now satisfy ASX that they are raising capital predominantly to address a Covid-19 related impact.

AML / KYC

SWIFT Announces Enhancements in Payments, Securities Processing

17/09/2020

The enhancements will be made available through a next-generation digital platform that will “fundamentally transform” payments and securities processing, SWIFT says.

AML / KYC

Chinese Police Target Offshore Gambling via E-Commerce Platforms

17/09/2020

Chinese police say at least $2bn has been laundered to offshore gambling sites through fake e-commerce purchases and other methods.

HKMC Annuity Launches Video-Conferencing Application Service

17/09/2020

In a pilot run approved by the Insurance Authority under the Insurtech Sandbox, customers can apply for HKMC Annuity plans through video-conferencing.

BOT Enhances Fair Service Rules for Banks, Asset Managers

17/09/2020

Besides banks and their subsidiaries, the rules have been extended to cover also asset managers and nanofinance operators.