Structural Regulation

HK Regulators Ask Bankers to Explain Reasons for Departing City

27/01/2021

Executives who have relocated to Singapore or Tokyo have reportedly received phone calls from Hong Kong government agencies and regulators seeking explanations for the decisions.

Payments & Settlements

PBOC Tightens Rules on Managing Customer Funds for Payment Firms

27/01/2021

Customer reserve funds must be deposited either at the PBOC or with an eligible commercial bank, and transferred only through a clearing institution.

Anti-Bribery & Corruption

China’s Corruption Watchdog Punishes Former Bank Regulators

27/01/2021

Three former banking regulators were expelled from the CCP and referred for criminal prosecution for accepting bribes and contributing to Baoshang Bank’s failure, among other violations.

Trading & Investment

China Access Channels for Foreign Institutional Investors: ASIFMA

27/01/2021

New ASIFMA paper looks at the various investment access channels for foreign institutional investors investing in China’s capital markets.

Tokenisation

OECD Paper Identifies Regulatory Issues in Asset Tokenisation

27/01/2021

As markets for tokenised assets develop and grow in size, so too will the need to safeguard investors, consumers and financial stability.

Anti-Money Laundering

Australian Police Arrest Dutch National on Money Mule Charges

27/01/2021

The 22-year-old was used to receive funds stolen from Australian bank accounts by a cybercrime syndicate before he transferred it overseas with Bitcoin.

Trading & Investment

Japan, Shanghai, Shenzhen to Expand ETF Connectivity Scheme

27/01/2021

The exchanges agreed to broaden the lineup of products available under the scheme and to collaborate in other areas including sustainable finance.

Anti-Bribery & Corruption

Five HK Bankers Charged for Misusing Customer Data to Sell Loans

27/01/2021

Former DBS staffers accepted illegal commissions to obtain confidential customer data for use by sales staff in promoting personal loan business.

Trading & Investment

JPX to Launch Learning Environment for Data-Driven Trading

26/01/2021

The new project, known as J-Quants, will seek to help individuals learn about data-driven portfolio analysis and investment methods.