Securities / Derivatives

FSC Korea to Rein in Structured Products Issuance

03/08/2020

The FSC will impose new rules for securities firms on stress testing, liquidity management, leverage and mandatory FX hedging, among its measures to protect investors from risky products.

Market Infrastructure

IMF Publishes New Transparency Code for Central Banks

03/08/2020

The voluntary code allows central banks to measure transparency, which the IMF says is necessary to facilitate accountability and enhance public trust and support.

Big Picture

Credit Stress Tests Critical to Safeguarding CCPs

03/08/2020

Stress testing is a crucial tool within a CCP’s toolbox for ensuring the stability, safety, and resilience of the financial market, says a new paper from CCP12.

AML / KYC

EU Imposes First Sanctions Against Cyber Attackers

03/08/2020

Measures will be taken against six individuals and three entities, including travel bans, asset freezes, and a prohibition on obtaining funding from the EU.

Fintech / Regtech

HKMA, BIS Innovation Lab Seek Solutions in Trade Finance

03/08/2020

Private firms are invited to submit innovative solutions that can help enhance trade finance mechanisms, connectivity and infrastructure.

AML / KYC

China Mulls Allowing Domestic PE Funds to Invest Overseas

03/08/2020

The foreign exchange regulator will this year explore reforms to allow private equity investment funds to invest overseas.

Market Infrastructure

Australia Consults on Reforms to Foreign Investment Framework

03/08/2020

Foreign investors will face national security checks regardless of the value of their investments, subject to enhanced monitoring, investigative and enforcement powers of the Treasury.

Fintech / Regtech

PBOC Pushes for Antitrust Probe into Alipay, WeChat Pay

03/08/2020

The State Council’s antitrust committee has reportedly been collecting information on the two payments giants for over a month but has not yet decided whether to launch a probe.

Enforcement

ATO Commences Pilot Audit of Early Super Withdrawal Scheme

03/08/2020

The tax office is contacting Australians who withdrew their superannuation funds early to assess if the need was genuine, and whether they should be penalised.