Capital / Liquidity

New Zealand FMA Issues Liquidity Risk Management Guide

24/04/2024

The new guide emphasises the importance of effective liquidity risk management at “all stages of fund management”.

Capital / Liquidity

PBOC May Start Participating in Treasury Bond Market – Reports

24/04/2024

PBOC may start buying and selling government bonds as a way to manage financial system liquidity and monetary policy.

Fintech / Regtech

PBOC Issues Draft Implementation Rules for New Payments Regulations

24/04/2024

Non-bank payment institutions will be allowed to transition to the new regulations depending on the validity of their existing licences, which can be up to five years.

Sanctions

JPMorgan Sues Russia’s VTB Over Blocked Funds – Report

23/04/2024

JPMorgan said VTB Bank has filed a lawsuit in Russia that may enable it to seize the US bank’s assets abroad.

Sanctions

Data is Key to Making Sanctions Work – RUSI Report

23/04/2024

Banks would be able to better identify red flags and stop illicit transactions if certain fields in SWIFT such as HS trade codes were made mandatory.

Securities / Derivatives

CSRC Issues New Rules on Investment Fund Fees and Disclosures

22/04/2024

The rules prohibit passive stock funds from using commissions to pay for research and lower the concentration of transaction fees that can be distributed to a single brokerage.

Shanghai to Merge Two State-owned Investment Firms – Report

22/04/2024

The merger will create a $18.2bn investment company, controlled by Shanghai’s government, to back innovation and technology startups.

Securities / Derivatives

NYSE Considers Introducing Round-the-clock Stock Trading

22/04/2024

NYSE is surveying the market on whether round-the-clock trading should take place only through the five-day work week or over weekends as well.

Enforcement

HKMA Fines Hua Nan Commercial Bank Over AML/CFT Controls

22/04/2024

HKMA identified deficiencies in the bank’s ability to continuously monitor some customer relationships over a six-year period.