SEBI Directs Investment Advisers to Improve Conduct

02/01/2020

SEBI has observed that some investment advisers have been providing advice on a ‘free trial basis’, without performing client risk profiling and product suitability assessments.

China to Move All Floating-Rate Loans to LPR by August

02/01/2020

Banks and borrowers have until 31 August to renegotiate new contracts to convert existing floating-rate loans to either an LPR-based loan or a fixed interest rate.

Securities / Derivatives

SGX RegCo Launches Review of Regulatory Framework for Retail Bonds

02/01/2020

The working group tasked with recommending changes to the framework comprises representatives from the Securities Investors Association Singapore, DBS, OCBC, and UOB, among others.

Market Infrastructure

Risks to Hong Kong Outlook Tilted to Downside: IMF

02/01/2020

However, robust policy frameworks and ample buffers will help the Hong Kong economy weather the challenges ahead.

Enforcement

CLSA, CITIC Securities Censured for Breaching Share Buyback Rules

02/01/2020

CLSA and CITIC Securities carried out pre-arranged trades on the SEHK to allow Beijing Enterprises Holdings to buyback its shares without regulatory or shareholder approval.

ESG / Sustainability

BNM Publishes Draft Taxonomy to Help FIs Classify Climate Risks

02/01/2020

Supervised institutions are expected to integrate climate-related risks and considerations into their business strategies and risk management practices, BNM says.

Market Infrastructure

China Banks, Insurers Urged to Develop Foreign Trade-related Services

02/01/2020

New guideline asks banks and insurers to develop foreign trade-related financial services to help develop bilateral trade between China and key jurisdictions, including the ‘Belt and Road’ countries.

Enforcement

Indian Police Lay Charges Against Five in PMC Bank Fraud Case

01/01/2020

The 32,000-page charge sheet lays out charges against three executives from PMC Bank and two promoters of HDIL, which received about 67bn rupees in ‘hidden’ loans.

Securities / Derivatives

SGX RegCo to Overhaul Enforcement Approach – Reports

31/12/2019

SGX RegCo chief Tan Boon Gin wants stronger protections against misconduct, faster enforcement outcomes and greater clarity to be provided to the market.