Securities / Derivatives

PBOC Pledges to Ease Funding Access for Private Enterprises

01/09/2023

Lenders will be required to set annual goals for lending to private enterprises; this lending will carry extra weight in banks’ performance reviews.

Enforcement

UK Discloses Russia Sanctions Breach by Wise Payments

01/09/2023

The disclosure is meant to act as a form of censure and deterrent, while also providing compliance lessons. No monetary penalty was imposed.

Securities / Derivatives

Almost 100 Superannuation Products Fail APRA Performance Test

31/08/2023

AMG MySuper failed the test for the third consecutive year; 96 trustee-directed products also failed the test.

Enforcement

Korea Reopens Investigations into Handling of Lime Funds

31/08/2023

Search and seizure operations were carried out at two securities firms on Thursday. Additional inspections at a third firm.

Fintech / Regtech

India, New Zealand Start Talks on UPI-based Payments Link

30/08/2023

NPCI and Payments NZ are in early discussions regarding the use of the UPI system to establish a cross-border payment link.

Enforcement

US SEC Fines Citigroup for ‘Wilful’ Record-Keeping Violations

30/08/2023

The SEC said Citigroup Global Markets used an “unsubstantiated and unverified” method to calculate and record indirect expenses associated with its underwriting work.

Capital / Liquidity

FSB Commences Review of Post-GFC Securitisation Reforms

30/08/2023

The FSB will assess the extent to which the securitisation reforms are achieving their intended objectives.

Market Infrastructure

KSD-Clearstream Trading Link to Open in H1 2024

30/08/2023

KSD’s agreement with Clearstream comes just a day after it signed a similar agreement with Euroclear, to open access to Korean government bonds.

Securities / Derivatives

Taiwan Allows Domestic Stocks to be Used as Collateral Overseas

30/08/2023

The measure will allow foreign investors to participate in overseas investment activities without having to sell their positions in Taiwan stocks.