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AML / KYC
AUSTRAC Decides Against Afterpay Regulatory Action
15/10/2020
Afterpay has uplifted its AML/CTF compliance framework and financial crime function, and completed all remediation necessary to ensure compliance.
Securities / Derivatives
HKFE Obtains CFTC Certification for Non-USD MSCI Contracts
15/10/2020
The Hong Kong Futures Exchange has received CFTC certification for its SGD Singapore futures contract and two JPY Japan contracts.
Securities / Derivatives
HKIFA Warns Against Changing UCITS Delegation Model – Report
15/10/2020
HKIFA chief Sally Wong reportedly said a move to restrict the delegation model could prompt capital to flow away from the European fund industry.
Securities / Derivatives
China Excludes HSBC from Sovereign Bond Sale – Reports
14/10/2020
HSBC is the only lender that participated in China’s November 2019 dollar debt offering that isn’t participating in this year’s issuance.
Market Infrastructure
SFTR Reporting Regime Goes Live for Buy-Side Firms
14/10/2020
Phase three of the SFTR places reporting obligations on investment funds, insurance companies and pension funds.
Market Infrastructure
Australian Regulators Urge Adherence to ISDA IBOR Fallbacks
14/10/2020
The ISDA IBOR fallbacks protocol and supplement were informed by extensive consultation with industry, including in Australia.
Almost Half of Deferred Loans Resume Repayments: ABA
14/10/2020
The ABA says 45% of deferred mortgages and 41% of small and medium business loans that had been deferred are back to making regular loan repayments.
Capital / Liquidity
ASX Proposes Single Capital Measure for Clearing Participants
14/10/2020
Currently when a participant lends money to its parent or related entity, or invests in subsidiaries, Liquid Capital could be potentially much lower while Core Capital is not impacted.
Fintech / Regtech
RegTech Asia 2020: LIBOR Transition Progress
14/10/2020
How has LIBOR transition been progressing in Asia Pacific, and how is technology helping to facilitate transition efforts?
Capital / Liquidity
FSB Issues Update on Work to Address Market Fragmentation
14/10/2020
The rapid and coordinated policy response to Covid-19 has underlined policymakers’ awareness of harmful effects of market fragmentation, the FSB says.
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