Securities / Derivatives

CSRC Green-lights China Pacific Insurance LSE Listing

03/06/2020

If approved by the LSE, China Pacific Insurance will become only the second company to issue GDRs via the Shanghai-London Stock Connect since its launch in June 2019.

ESG / Sustainability

Singapore Banks Pledge Relief to Landlords Providing Rent Waivers

03/06/2020

Singapore authorities, with the support of banks, have announced a package of measures that will help landlords with existing loan commitments and cashflow needs.

Fintech / Regtech

MAS to Assess Covid-19 Impact on Digital Bank Applicants

03/06/2020

MAS will reportedly interview digital bank applicants to understand the changes in their strategy as a result of Covid-19, including any impacts on their funding and profitability plans.

AML / KYC

Bangladesh Bank Files New Civil Suit Over 2016 Cyber Theft

03/06/2020

Bangladesh Bank has filed a new civil suit against RCBC and other Philippine entities in New York State Court over the 2016 bank heist, after its Federal Court case was dismissed in March.

AML / KYC

US DOJ Unseals Indictment Against North Korea Money Launderers

03/06/2020

The indictment names 28 North Korean and 5 Chinese nationals who were charged for operating a network of over 250 shell companies around the world to procure goods for North Korea.

Enforcement

SEBI Orders Special Audit of Shuttered Franklin Templeton Funds

03/06/2020

A forensic audit firm has reportedly been tasked with determining whether Franklin Templeton colluded with bond issuers and if conflicts of interest were present at the firm.

Securities / Derivatives

China to Launch Low Sulfur Fuel Oil Futures from 22 June

03/06/2020

The CSRC has granted approval for the Shanghai International Energy Trading Center to launch low-sulfur fuel oil futures trading, including for foreign investors.

Capital / Liquidity

China’s Banks Poses Growing Risks for US Investors: Report

03/06/2020

US savers are increasingly likely to have exposure Chinese banks and their “large volumes of NPLs”, says a report from a US Congressional advisory body.

Market Infrastructure

Navigating Private Credit Markets Risks with Better Data

03/06/2020

Data has never been more essential to making informed decisions, particularly in private markets where internal data at financial institutions is typically thin.