Structural Regulation

SFC Consults on Amendments to Code on Pooled Retirement Funds

20/12/2020

Given the wide participation in Hong Kong by employers and employees in ORSO schemes which invest in PRFs, appropriate investor protection should apply.

Sustainable Finance

Bursa Malaysia, Global Compact to Collaborate on Sustainability Agenda

20/12/2020

The collaboration will include the development of a Corporate Sustainability Competency Framework, which will serve as a reference for corporate sustainability professionals.

Payments & Settlements

BCBS, CPMI Warn of Continued Risks Associated with FX Settlement

20/12/2020

Expanding the availability of PvP settlement to a wider range of transactions and actors will reduce FX settlement risk and support global financial stability.

Operational Risk

HKMA Outlines Regtech Use Cases for Pandemic Environment

18/12/2020

In its fifth issue of ‘Regtech Watch’, the HKMA outlines four potential regtech use cases relevant to the pandemic environment.

Trading & Investment

China Fund Managers Prepare to Launch Cross Market Bond ETFs

17/12/2020

Five fund managers have reportedly applied to launch bond index funds that can be traded on the Shanghai exchange, Shenzhen exchange, or the interbank market.

Structural Regulation

APRA, ASIC Offer Guidance on Super Fund Obligations

17/12/2020

Super funds can capitalise on potential synergies when building systems and processes for their Member Outcomes obligations and Product design and distribution obligations.

Supervision & Enforcement

Taiwan Addresses Bank Misconduct With Higher Penalties: Fitch

17/12/2020

Banks are expected to work to strengthen their risk controls, particularly around wealth management to avoid penalties and preserve their corporate governance rankings.

Trading & Investment

US Treasury Labels Vietnam, Switzerland as Currency Manipulators

17/12/2020

Taiwan, Thailand, and India have been added to Treasury’s monitoring list. Singapore intervened in the foreign exchange market in a “sustained, asymmetric manner”.

Fraud, Scams & Cybercrime

US SEC Settles Luckin Coffee Fraud Charges for $180m

17/12/2020

Luckin materially misstated its revenue, expenses, and net operating loss to falsely appear to achieve rapid growth and increased profitability, the SEC said.