Securities / Derivatives

CSRC Grants Citigroup Fund Custody Licence in China

02/09/2020

Standard Chartered is the only other foreign bank to have obtained a fund custody licence in China. Citi becomes the first US bank to do so.

Securities / Derivatives

DBS Approved to Establish Securities Joint Venture in China

02/09/2020

DBS has become the eighth foreign financial institution to win approval to take majority ownership of a securities venture in China.

Securities / Derivatives

SEHK to Codify General Waivers to Streamline Listing Process

02/09/2020

Hong Kong’s stock exchange will codify a number of general waivers and principles relating to IPOs and issuers, effective from 1 October 2020.

ESG / Sustainability

Thailand SEC, UK Govt to Collaborate in Financial Sector

02/09/2020

The initial focus areas of the partnership will include green bonds, the fintech ecosystem, e-KYC and cybersecurity, the SEC and UK government said.

Capital / Liquidity

RBA Expands Low-cost Term Lending Facility for Banks

02/09/2020

The expansion brings the total available funding under the term lending facility to about A$200 billion, said RBA governor Philip Lowe.

AML / KYC

BNM Issues Guidance Documents on AML/CFT Obligations

02/09/2020

Guidance is provided for financial institutions, DNFBPs and NBFIs on AML/CFT and targeted financial sanctions, customer due diligence and beneficial ownership.

Fintech / Regtech

China: Two More State-Banks Join Digital Yuan Testing

02/09/2020

Postal Savings Bank of China and China Citic Bank will join four other state banks in conducting initial tests and creating services for the digital currency.

Market Infrastructure

APRA Updates Four-Year Corporate Plan to Prioritise Covid Risks

02/09/2020

APRA will prioritise the safety and soundness of regulated institutions, operational resilience and contingency planning for adverse events.

Enforcement

CBIRC Penalises Two State-Owned Banks for Violations

02/09/2020

Agricultural Bank of China and China Construction Bank were fined more than a combined 90mn yuan and one individual was banned for life.