Alternative Markets

SGX Becomes First Asian Exchange to List Catastrophe Bonds

27/11/2019

The ‘World Bank Philippines Catastrophe Bonds’ will finance up to $225mn of financial protection against earthquakes and tropical cyclones for the Philippines over the next three years.

Market Abuse

CSRC Formally Bars Manipulation of Futures Markets

27/11/2019

The CSRC prohibits four types of futures trading manipulation, including false trading and activities intended to spread false information or create confusion among investors.

Anti-Money Laundering

AML Audit Ordered by AUSTRAC Finds Afterpay ‘Low Risk’

26/11/2019

Following AUSTRAC’s order for Afterpay to review its AML/CTF compliance in June on suspicious of breaches, an external order has found the breaches only occurred due to the poor legal advice.

Anti-Money Laundering

Myanmar Announces Licensing Framework for Remittance Providers

26/11/2019

The move is aimed at providing a cost-effective channel for the legal movement of money into Myanmar and reduce the use of illegal money transfer brokers.

Conduct, Culture & Accountability

SGX RegCo Rewards Good Governance with ‘Fast Track’ List

26/11/2019

SGX RegCo has named 95 companies that will receive prioritised responses on selected corporate action submissions for maintaining high standards of governance, compliance and reporting quality.

Credit Risk

Vietnam Banks to Include ESG Factors in Credit Risk Analysis

26/11/2019

The State Bank of Vietnam has directed all Vietnamese banks to include ESG risk assessments in credit risk analysis and establish dedicated ESG analysis units by 2025.

Anti-Money Laundering

FATF to Develop Guidance on Disrupting Illegal Wildlife Trade

26/11/2019

Under its Chinese presidency, the FATF has made it a priority to help countries target money and criminal networks involved in the illegal wildlife trade.

Operational Risk

APRA Proposes Best Interests Duty for Insurance in Superannuation

26/11/2019

Superannuation funds which use related parties to deliver insurance will need to certify that the arrangements are in the best interests of members.

Clearing & Post-Trade

Thailand to Launches DLT Pilot Trading Corporate Bonds

26/11/2019

The DLT project was first announced in September, and will first test trading with bonds before expanding to equities, derivatives and investment funds.