Enforcement

Japan FSA Demands Explanation for Miscounted Shareholder Votes

30/09/2020

Sumitomo Mitsui Trust and Mizuho Trust could face business improvement orders, depending on their explanations and the measures they have planned to prevent recurrence.

Fintech / Regtech

MAS Orders Wirecard Entities to Cease Singapore Payment Services

30/09/2020

Wirecard has informed MAS that it is unable to continue providing payment processing services to a significant number of merchants.

Securities / Derivatives

Goldman to Build Out FX Trading Infrastructure in Singapore

30/09/2020

Goldman expects its FX pricing engine in Singapore to be live in the first quarter of 2021 across deliverable and non-deliverable currencies.

Fintech / Regtech

RegTech Asia 2020: Trade Surveillance and Monitoring

30/09/2020

What has the increased use of new client communication modalities to facilitate trading amid the pandemic meant for market surveillance and regulatory compliance?

Enforcement

Korean Prosecutors Raid KEB Hana Bank over Optimus Fund Mis-selling

30/09/2020

Prosecutors are looking to determine whether the bank purchased privately placed bonds under Optimus’ request or instruction.

Market Infrastructure

APRA Resumes Consultation on Confidentiality of ADI Data

29/09/2020

APRA proposes that ADI data related to capital adequacy, liquidity, asset quality, financial statements, and financial performance be determined non-confidential.

Securities / Derivatives

Singapore Extends Measures on Electronic Offer Documents

29/09/2020

Listed issuers and parties involved in rights issues and takeover or merger transactions can electronically disseminate offer documents for 9 more months.

Fintech / Regtech

RegTech Asia 2020: Liquidity Risk During a Crisis

29/09/2020

How has Covid-19 impacted liquidity risk management at banks, and how they can better prepare for future market volatility and ongoing credit demands?

AML / KYC

US Law Firms Look to Capitalise from FinCEN Files

29/09/2020

US law firms are inviting investors to participate in class actions if they lost money in HSBC and StanChart stock following the release of the FinCEN Files.