Securities / Derivatives

SEBI Relaxes Norms to Fast-track Further Public Offers

11/06/2020

FPOs will still be allowed to proceed if show cause notices or prosecution proceedings are still ongoing, or it securities law violations have been recently settled.

Enforcement

CBIRC Moves to Stamp Out Abuse of Cheap Loans

11/06/2020

Banks have reportedly been directed to reduce their structured deposits to January levels, as part of CBIRC efforts to stamp out abuse of cheap loans.

AML / KYC

Chinese Police Freeze 4,000 Bank Accounts in Crypto Probe

11/06/2020

Guangdong police have reportedly frozen about 4,000 bank accounts belonging to cryptocurrency traders in a crackdown on illicit activities.

Enforcement

Korea: Banks, Brokers Agree Plan to Recover Lime Asset Losses

11/06/2020

Twenty firms, including banks and brokers, will set up a new entity to manage the estimated 1.7tr won in assets frozen by Lime Asset Management since October.

Market Infrastructure

High-Level Forum Charts Course to Achieve EU Capital Markets Union

11/06/2020

In a new report, the EU’s High-Level Forum on capital markets union offers specific recommendations on developing deeper, more dynamic and more harmonised markets across EU member states.

Fintech / Regtech

Xiaomi-AMTD Joint Venture Launches Hong Kong Virtual Bank

11/06/2020

Airstar Bank commits to becoming “Everyone’s Bank”, contrasting itself with conventional banking models which focus on high net-worth individuals.

Australia: Banks Fail to Pass Rate Cuts to Credit Card Customers

10/06/2020

The credit cards with the largest rate increases are those backed by Citigroup, Members Equity Bank, Police Credit Union, and ANZ, according to consumer advocacy group CHOICE.

Securities / Derivatives

ICMA Releases Guidance for Issuers of Sustainability-Linked Bonds

10/06/2020

Sustainability-linked bonds are performance-based bond instruments where the issuer is committing to future improvements in sustainability outcomes within a predefined timeline.

Securities / Derivatives

Thailand SEC Supports LuxSE Listings by Domestic Firms

10/06/2020

Thai bond issuers can list their securities on LuxSE’s BdL or Euro MTF; or alternatively obtain a profile listing on the SOL to gain visibility on the Luxembourg Green Exchange.