Enforcement

Singapore: Four Individuals Charged for Illegal Trading

26/03/2020

An investor used share financing facilities from two banks and third-party trading accounts procured by three brokers to manipulate the price of Sky One Holdings shares.

MAS Offers Banks US Dollar Funding

26/03/2020

Banks are “strongly encouraged” to avail themselves of MAS liquidity facilities so that they can better serve customers.

Market Infrastructure

ISDA Calls for Delay to Initial Margin Deadlines

26/03/2020

Without a delay, smaller entities will almost certainly be shut out of the derivatives market, denying them the ability to manage risk when they need it most, says ISDA chief Scott O’Malia.

Market Infrastructure

Singapore Stimulus Plan to Catalyse Private Sector Loans

26/03/2020

MAS is working with banks and insurers to see how best to help businesses and individuals with loan obligations and insurance premium payments.

AML / KYC

Myanmar Central Bank Revokes Licence of Local Bank

26/03/2020

An investigation that started in 2017 found irregularities with the funding Asia Yangon Bank planned to use to meet its paid-up capital requirements.

Market Infrastructure

Interim LIBOR Transition Milestones May Be Affected: FCA

26/03/2020

While end-2021 remains the firm target date for all firms to meet, interim transition milestones in some of the less prepared segments such as loan markets may be affected.

Securities / Derivatives

MAS, ACRA, SGX RegCo Set Out Expectations on Meeting Conduct

26/03/2020

MAS, SGX RegCo and ACRA expect all issuers to comply with the Ministry of Health’s mandatory safe distancing measures. Legislative amendments will be introduced.

ZA Bank Announces Launch as Hong Kong’s First Virtual Bank

25/03/2020

ZA Bank – backed by mainland insurer ZhongAn Online P&C Insurance and Sinolink Group – won one of the first approvals to set up a virtual bank in March last year.

Enforcement

ICAC Charges Ex-HKEX Official for Bribery, Misconduct

25/03/2020

A former joint-head of HKEX’s IPO Vetting Team has been charged over HK$9.15mn in bribes and misconduct in public office between June 2017 and April 2019.