Securities / Derivatives

HKEX Launches First China A-Share Futures Contract

18/10/2021

The contract is based on the MSCI China A 50 Connect Index, which tracks the performance of 50 key Shanghai and Shenzhen stocks available via Stock Connect.

Securities / Derivatives

Goldman Approved to Take Full Ownership of China Securities Unit

18/10/2021

Goldman Sachs becomes just the second US bank to gain full ownership of its Chinese entity, after JP Morgan in August.

Enforcement

RBI Penalised StanChart, SBI for Regulatory Violations

18/10/2021

The RBI cited non-compliance with its directions on customer protection, cybersecurity, outsourcing, and reporting.

Securities / Derivatives

China Set to Open More Derivatives to Foreign Investors

18/10/2021

Qualified foreign investors will be able to trade commodity futures, commodity options, and stock index options from 1 November.

Enforcement

HK Court Jails Former Convoy, Gransing Executives

17/10/2021

Former Convoy executives conspired to dishonestly arrange for bond placement commissions to be diverted to a company they substantially owned.

AML / KYC

OFAC Issues Sanctions Guidance for Crypto Sector

17/10/2021

OFAC expects virtual currency operators to identify and block IP addresses that originate in sanctioned jurisdictions, including via VPNs.

Fintech / Regtech

BOJ Seeks Simple CBDC Design That Promotes Competition

17/10/2021

While the BOJ still has no plan to issue CBDC, the inability to ensure interoperability with other countries could create issues for Japan.

Fintech / Regtech

ICMA Launches Initiative to Standardise Repo Documentation

17/10/2021

ICMA will work to develop an industry-wide taxonomy and clause library for repo trade documentation to improve efficiency in debt markets.

Korea Eases Loan Restrictions to Accommodate Home Rentals

17/10/2021

New household loans issued to pay for jeonse deposits in Q4 2021 will not count toward the government’s 6 percent loan growth target for the year.