Capital / Liquidity

BCBS Releases 18th Progress Report on Basel III Adoption

06/07/2020

In Asia Pacific, Hong Kong, Korea and Indonesia have in particular made significant progress towards implementing the Basel III standards.

Securities / Derivatives

New Bill Could Ban Some Chinese Firms from US Capital Markets

06/07/2020

The bill would reportedly seek to ban Chinese companies that engage in spying or human rights abuse, or support China’s military or industrial policy.

Securities / Derivatives

Shanghai Bourse Issues Draft Rules on ‘Targeted’ Convertible Bonds

06/07/2020

Targeted convertible bonds to be used to support mergers, acquisitions, reorganisation, restructuring, or refinancing of listed companies.

AML / KYC

Spanish Court Penalises Four ICBC Employees for AML Violations

06/07/2020

Criminal groups deposited millions of euros cash into accounts at ICBC Spain using split payments, in-house accounts and false identity documents to evade detection.

Uncategorised

HKEX Launches First Tranche of MSCI Futures Contracts

06/07/2020

HKEX has launched ten new index futures contracts, part of its new licensing agreement with MSCI announced in May.

Securities / Derivatives

PBOC Announces Planned Enhancements to Bond Connect

06/07/2020

The enhancements will include measures to reduce fees, extend trading hours, expand Bond Connect trading platforms; and enhance primary market service offerings.

Enforcement

ASIC Penalises Credit Suisse for Breaching Trading Rules

05/07/2020

Credit Suisse did not match client orders for on-market buy-backs on an order book as is required by ASIC’s market integrity rules.

Securities / Derivatives

Nearly 500,000 Australians Deplete Retirement Savings

05/07/2020

Industry Super Australia estimates that 480,000 Australians have wiped out their superannuation savings through the government’s early release scheme.

Capital / Liquidity

State Council Authorises Local Governments to Fund Small Banks

05/07/2020

China’s State Council has reportedly agreed to allow local governments to purchase convertible bonds issued by certain small and midsize banks.