PEPs & Sanctions

China Imposes Reciprocal Sanctions Against Four US-Linked Individuals

06/12/2020

Four individuals at US-linked nonprofits are barred from entering China, including Hong Kong and Macau, for having “performed badly” over Hong Kong affairs.

Resolution & Recovery

APRA Urges Smaller Banks to Identify Possible Merger Partners

06/12/2020

APRA’s John Lonsdale said the general quality of recovery plans amongst smaller banks was weaker than the regulator would like, and they may have fewer recovery options.

Trading & Investment

Singapore Exchange Lists First China Onshore RMB Bonds

06/12/2020

The listing strengthens financial markets connectivity between China and Singapore, and helps to internationalise China’s markets, China Development Bank said.

Emerging Prudential Risks

PBOC, CBIRC Finalise D-SIBs Assessment Framework

06/12/2020

The framework will take effect from 1 January 2021. The additional regulatory requirements for D-SIBs have not yet been announced.

Market Data & Technology

IOSCO Consults on Fair and Equitable Access Market Data

06/12/2020

Market participants in many jurisdictions have raised concerns about the content, costs, accessibility, fairness and consolidation of market data, IOSCO says.

Fraud, Scams & Cybercrime

Seoul Court Jails Daishin Securities Executive Over Fund Losses

06/12/2020

The FSC has also revoked the registration of Lime Asset Management, imposed a 950mn won fine against the firm and ordered the suspension of its staff and executive personnel.

Anti-Money Laundering

Australia Throws Out Bill to Criminalise Cash Payments Over A$10,000

06/12/2020

The bill would have imposed a fine of up to A$25,500 and two years’ jail for cash payments exceeding A$10,000. The bill is now “officially dead”, according to one senator.

Clearing & Post-Trade

Malaysia Completes First Physical Delivery of MGS Futures Contract

04/12/2020

The most from cash settlement to physical delivery of the 5-Year Malaysian Government Securities Futures Contract was announced in September.

Trading & Investment

Macquarie to Set Up Electronic FX Trading Infrastructure in Singapore

04/12/2020

Macquarie’s FX pricing hub will strengthen Singapore’s proposition as a global FX price discovery and liquidity centre, said MAS executive director Lim Cheng Khai.