Anti-Money Laundering

NSW Police, AUSTRAC Disrupt Money Laundering Operation

25/11/2020

Two men have been arrested and charged over illegal transfers of currency into offshore accounts as part of an investigation that began in June.

Sustainable Finance

MAS Offers Grants to Support Green and Sustainability-Linked Loans

25/11/2020

MAS will defray the costs associated with engaging independent sustainability assessment and advisory service providers for green and sustainability-linked loans.

Clearing & Post-Trade

HKEX to Enhance Northbound Stock Connect Post-trade Processing

24/11/2020

HKEX is targeting a Q1 2022 launch for the new settlement platform, which will automate and streamline post-trade processes and improve settlement efficiency.

Operational Risk

APRA Finalises Revisions to EFS Reporting Standards

24/11/2020

Based on market feedback, the implementation date of the changes for most of the standards has been moved forward three months to the reporting period ending 30 September 2021.

Fraud, Scams & Cybercrime

China Vows ‘Zero Tolerance’ for Bond Issuer Misconduct

24/11/2020

The FSDC will strictly investigate any bond issuer suspected of fraudulent issuance, false disclosure, malicious transfers of assets, or misappropriation of funds.

Resolution & Recovery

CBIRC Approves Bankruptcy Filing by Baoshang Bank

23/11/2020

Baoshang Bank will become the first commercial bank to go bankrupt in China in almost 20 years. Earlier this month, regulators deemed the bank to be non-viable.

Trading & Investment

Shanghai INE Launches Bonded Copper Futures Contract

23/11/2020

The new bonded copper contract is the sixth commodities contract traded in China that is open to foreign investors. The launch was approved by the CSRC last month.

Structural Regulation

CSRC Seeks ‘Meaningful Dialogue’ with PCAOB on Audit Issues

23/11/2020

“We believe that with openness and professionalism, the two sides will certainly reach a consensus on a joint inspection scheme,” the CSRC said.

Sustainable Finance

Luxembourg, India Sign Three Market Cooperation Agreements

23/11/2020

An MOU between LuxSE and India INX will enable Indian issuers to dual-list green bonds in Luxembourg, thereby increasing their visibility and secondary market trading.