Market Infrastructure

HKEX to Drive Growth Through New Products, Listing Reforms

18/08/2022

HKEX reported its lowest interim profit since 2017, attributed mostly to investment losses and lower fees from securities trading and IPOs.

RBA to Establish Panel of Economists to Aid Policymaking

18/08/2022

The first meeting of the new panel is planned for 6 October, to discuss economic challenges and the appropriate role of forward guidance in monetary policy.

Enforcement

CSRC Probes China Merchants Securities Over 2014 Deal

18/08/2022

The investigation will impact any IPO applications being sponsored by China Merchants Securities.

BSP Drafts New Rules on Financial Services Dispute Resolution

18/08/2022

Complainants can elect for mediation or adjudication only if the complaint cannot be resolved by the FI itself or the BSP’s Consumer Assistance Mechanism.

Enforcement

CBIRC Fines New Times Trust, Bans Top Executives for Life

18/08/2022

New Times Trust, a unit of Tomorrow Group, was fined CNY 7 million. Nine former executives were warned, fined or otherwise penalised with lifetime bans.

Fintech / Regtech

SET, Bloomberg Launches Initiative to Boost Capital Markets Talent

18/08/2022

The initiative will allow finance students from eight universities to gain experience in financial markets trading using Bloomberg data and tools.

AML / KYC

Philippine AMLC Tightens Requirements on DNFBPs

18/08/2022

Updated AML/CFT guidelines require DNFBPs to submit proof that their proprietors, partners, directors and principal officers have attended an AML seminar.

Capital / Liquidity

China to Pilot Initiative to Speed Up NPL Disposals

18/08/2022

Authorities will initially consider selecting six provinces to pilot an initiative to speed up the disposal of bad loans from small- and medium-sized banks.

Enforcement

Korea FSS Probes Korea Investment & Securities Over System Outage

18/08/2022

The system outage occurred due to an electrical short circuit at Korea Investment & Securities’ main data processing computer centre.