Trading & Investment

Thai Bourse Announces Relief Package, Circuit Breaker Triggers

12/03/2020

The 30-minute trading halt came shortly after the SET announced a Covid-19 relief package, which included 500 million baht in fee reductions for market participants.

Clearing & Post-Trade

Eurex Approved to Offer Clearing Services in Japan

12/03/2020

The FSA licence will allow Japanese financial institutions to combine their listed and OTC euro yield curve businesses in one single place, Eurex says.

Resolution & Recovery

RBI Finalises Yes Bank Rescue Plan, Including Funding Lines

12/03/2020

State Bank of India and other banks will invest about 500 billion rupees in Yes Bank shares and CDs. AT1 bondholders will recover about 20% of their investment.

Trading & Investment

Indonesia Triggers Circuit Breaker, Suspends Pre-Opening Session

12/03/2020

IDX halted trading to end Thursday, just a day after tightening the circuit breaker mechanism. The pre-opening session is suspended until further notice.

Anti-Bribery & Corruption

Bank of Communications Manager Gets Nine Years Jail for Bribery

12/03/2020

The former manager accepted more than 10 million yuan in bribes and embezzled a further 820,000 yuan, representing illegal gains from organising employee competitions and events.

Cloud & Infrastructure

APRA’s New Data Collection Solution to Go Live in Six Months

12/03/2020

The revised timeline follows APRA’s decision in October to explore alternative implementation approaches for the new solution, which will be known as ‘APRA Connect’.

Trading & Investment

PBOC, CSRC Pledge to Enhance Bond Market Functioning

12/03/2020

The regulators will work to optimise the bond issuance management system, promote bond product innovation, and enhance the policy environment for private enterprises.

AI Risk & Governance

AI’s ‘Black Box’ Issues Can Be Addressed Through Regulation

12/03/2020

A new paper develops a regulatory roadmap for addressing the increasing role of AI in finance, focusing on human involvement to deal with ‘black box’ issues.

Anti-Money Laundering

Australia: Senate Committee Backs Passage of AML Amendments

12/03/2020

The bill allows firms to rely on KYC performed by third parties, strengthens correspondent banking protections, and promotes greater use of financial intelligence to combat financial crime.