Enforcement

Australia: Allianz, AWP Plead Guilty for Making False Statements

19/06/2022

Charges were filed against Allianz Australia Insurance and AWP Australia in February last year.

Enforcement

Australian Court Fines Money Transfer Firm for Exchange Rate Fixing

18/06/2022

Four individuals were also sentenced to jail on criminal cartel charges, but they were released on good behaviour bonds.

Market Infrastructure

HKEX to Host Preparatory Workshops for New FINI Platform

17/06/2022

HKEX will explain the API development requirements for the new IPO settlement platform, set to launch in June 2023.

Capital / Liquidity

TAIFEX to Launch OTC Derivatives Clearing Service Next Month

17/06/2022

The FSC has granted TAIFEX recognition as a QCCP ahead of the launch, which will boost capital efficiency for market participants.

Securities / Derivatives

Bank of China Issues First Notes Aligned to Updated CGT

17/06/2022

The Common Ground Taxonomy, first published in November by the EU and China, was updated following consultation.

Sanctions

Myanmar Grants Exemptions to FX Conversion Rule Ban

17/06/2022

Myanmar is granting granted an exemption to select companies involved in FDI approved by the Myanmar Investment Commission.

Capital / Liquidity

New Zealand: Responsible Lending Rules to Change on 7 July

17/06/2022

Responsible lending laws introduced in December have been blamed for causing tighter credit conditions for New Zealand borrowers.

Capital / Liquidity

BOE Asks Major Banks to Improve Resolution Plans

17/06/2022

The BOE said it found shortcomings in resolution plans prepared by HSBC, Lloyds Banking Group and Standard Chartered.

Capital / Liquidity

HK Clearinghouses Adjusts Capital Requirement for GCPs

16/06/2022

General clearing participants have to maintain liquid capital of HK$100mn for their first five non-clearing participants, and HK$20mn for each additional non-clearing participant.