PEPs & Sanctions

Singapore Company Director Jailed for North Korea Trade

25/11/2019

The Singapore man was reportedly selling luxury goods to a North Korean shop, shipping the goods via Dalian, and receiving payment via front companies in China and Hong Kong.

Structural Regulation

CBIRC Proposes Higher Conduct Standards for Trust Companies

25/11/2019

The CBIRC has issued draft rules cancelling the $1bn total asset threshold foreign FIs are currently required to meet to hold shares in domestic trust companies, among other revisions.

Liquidity Risk

BSP Excludes Interbank Borrowings from Reserve Calculations

25/11/2019

“The exclusion of these types of borrowings from the reserve base of banks and quasi-banks will result in freed-up liquidity for lending or investment activities,” the BSP said.

Trading & Investment

SSE, SZSE Propose Rules Changes to Implement Investor ID Regime

25/11/2019

Under the regime, brokers must assign a unique digital code that identifies each investor, who will be “deemed to agree” that their information may be transferred to the Hong Kong SFC and SEHK.

Structural Regulation

Nomura Joint Venture Secures China Securities Business Licence

25/11/2019

Nomura Orient International Securities, 51% owned by its Japanese parent, will be allowed to operate brokerage, investment consulting, proprietary trading, and asset management businesses.

Trading & Investment

Hong Kong Hedge Funds Offered Incentives to Relocate to Tokyo

25/11/2019

A Japanese delegation was reportedly in Hong Kong last week to meet with dozens of fund managers to persuade them to relocate to Tokyo.

Trading & Investment

CSRC Approves Launch of New Commodity Options Contract

25/11/2019

PTA, methanol, iron ore and gold options will launch in December and rapeseed meal options will launch in mid-January.

Market Risk

EFS Reporting for Derivatives to Start in Q3 2020: APRA

23/11/2019

APRA has determined that only ANZ, BNP Paribas, Citibank, CBA, Deutsche Bank, HSBC, JP Morgan, Macquarie, MUFG, NAB, Sumitomo Mitsui and Westpac will be required to report under ARS 722.0.

Capital Adequacy

RBNZ Sanctions NAB’s Bank of New Zealand for Capital Calculation Errors

23/11/2019

Bank of New Zealand is the third of the big four banks in New Zealand to be forced to hold more capital as a result of capital calculation errors.