Enforcement

UBS, StanChart to Settle Hong Kong IPO Misconduct Case

12/03/2019

The case goes back to the 2009 listing of a Chinese timber company, which was later suspended for accounting irregularities. Details of the settlement will be released at a later date.

Securities / Derivatives

HKEX to Launch China A-Share Futures Contract

12/03/2019

The development represents a key risk management tool for international investors who need to manage their A-share equity exposure, says HKEX chief Charles Li.

Market Infrastructure

Banks Increasingly Focused on Conduct Risk – FSB

12/03/2019

At an FSB workshop on compensation practices, banks reported an increased focus on conduct risk, management accountability and culture reform.

Capital / Liquidity

Philippines Extends Compliance Deadline for LCR, NSFR

11/03/2019

The BSP has given subsidiary banks and quasi-banks an extra year to meet the 100% LCR and NSFR requirements.

Enforcement

SWIFT Related Fines Imposed by RBI Total $10mn Across 36 Banks

11/03/2019

The number of banks fined by the RBI for failing to integrate their core banking systems with SWIFT has now risen to 36, with fines totaling $10.16mn.

Crypto / Digital Assets

SC Orders Half of Malaysia’s Digital Asset Exchanges to Close

11/03/2019

According to a notice from Malaysia’s Securities Commission, 21 of the country’s 43 digital asset exchanges will be forced to close after they failed to register by the 1 March deadline.

Capital / Liquidity

US Fed Considers Stricter Rules for Foreign Bank Branches

11/03/2019

Foreign banks say added requirements are unnecessary, as their US branches are limited in their activities, rarely hold federally insured deposits, and are subject to home country rules.

Enforcement

AFCA Finalises Over 18,000 Complaints in Four Months

08/03/2019

Australia’s four months old ‘one stop shop’ for financial services dispute resolution has finalised 18,390 complaints, yielding more than A$54mn in awards to consumers and small businesses.

Securities / Derivatives

Shanghai Exchange Signals Possible End-May Launch for New Tech Board

08/03/2019

The SSE gave its first indication of a launch date for the new science and technology board in a WeChat post, saying the trading system will be ready at the end of May.