Securities / Derivatives

JPX, TOCOM Finalise Merger Agreement to Create Integrated Bourse

31/07/2019

TOCOM precious metals, agricultural and rubber products will be transferred to Osaka Exchange, a JPX subsidiary, creating an all-in-one bourse by July 2020.

Fintech / Regtech

Taiwan Issues First Three Digital Bank Licences

31/07/2019

The three digital only bank licences went to conglomerates led by Japan’s LINE Group; Taiwan’s Chunghwa Telecom; and Japanese e-commerce firm Rakuten Inc.

Securities / Derivatives

CSRC Issues Comprehensive Rules for Brokerage Firms

31/07/2019

The role of brokerage firms in the securities market has not been fully utilised, and the professional services provided to investors are ‘seriously inadequate’, the CSRC says.

Securities / Derivatives

ASIC Proposes Disclosure Relief for Agent Securities Lenders

30/07/2019

The proposed relief will defer substantial holding notifications required of agent lenders to the time when lending authority is first exercised.

Market Infrastructure

Singapore, Australia Benchmarks Gain EU Equivalence

30/07/2019

The European Commission has adopted equivalence decisions for Australian and Singapore financial benchmarks, but repealed existing equivalence for credit rating agencies.

Securities / Derivatives

Twenty Suspended Firms Face Permanent Delisting in Hong Kong

30/07/2019

Of the 22 firms that were already suspended last August when new rules took effect, only two have so far been given the green light for their shares to resume trading.

AML / KYC

Global Money Launderers Move in on Japan – Report

30/07/2019

Criminal organisations are increasing seeking the use of bank accounts in Japan to disguise illicit profits, with incidents of money laundering rising 40% year-on-year.

Capital / Liquidity

ANZ Adjusts Risk Weights on New Zealand Loan Portfolios

30/07/2019

The changes follow the RBNZ’s revocation of ANZ’s right to model its operational risk capital requirements in May.

Enforcement

Another CBIRC Official Placed Under Corruption Probe

30/07/2019

China’s Central Commission for Discipline Inspection has reportedly opened a corruption probe into the CBIRC’s Fujian branch head, Qi Xinzheng.