Capital / Liquidity

APRA to Amend Liquidity Rules for Banks – Report

08/09/2020

The changes will require banks to decrease their holdings of private sector liquid assets in favour of buying more government debt.

Enforcement

India’s Enforcement Directorate Fines StanChart $13.6mn

08/09/2020

Standard Chartered escrow accounts were used in 2007 to transfer shares in Tamilnad Mercantile Bank to overseas investors without the RBI’s permission.

Market Infrastructure

China Announces Global Initiative to Safeguard Data Security

08/09/2020

The initiative opposes the creation of backdoors in technology products, large-scale surveillance of other countries, and the illegal acquisition of foreign citizens’ personal data.

Securities / Derivatives

Industry Standards Needed for Measuring Execution Quality: FMSB

08/09/2020

Best practice principles will facilitate regulatory compliance and drive efficiencies in the measurement of execution quality, the FMSB says in a new spotlight review.

Securities / Derivatives

Korea Exchange Launches ‘New Deal’ Market Indices

08/09/2020

The new indices track Korea’s largest battery, biotech, internet and gaming stocks. KRX plans to launch ETFs based on the new indices next month.

Capital / Liquidity

FSB Defers Haircut Standards for Securities Financing Transactions

08/09/2020

The extensions will help to ease operational burdens on banks, broker-dealers and regulators, allowing them to focus on Covid-19 related priorities.

Enforcement

CBIRC Fines Four Banks and Huarong for Violations

07/09/2020

Minsheng Bank, Zheshang Bank, Guangfa Bank, Huaxia Bank and Huarong Asset Management were fined a combined 320mn yuan for various violations.

Fintech / Regtech

ASX Opens Data Science Platform to Third Party Firms

07/09/2020

ASX DataSphere allows third-party firms to experiment with ASX and non-ASX datasets spanning fixed income, interest rates, derivatives, equities, and benchmarks.

MAS to Implement CMFAS Exam Changes in Q1 2020

07/09/2020

MAS is consulting on amendments to the FAA and SFA Notices to introduce provisions on ethics and skills into the existing CMFAS rules and regulations modules.