CBIRC Urges Mainland Insurers to Issue Cat Bonds in HK

29/09/2021

The issuance of catastrophe bonds in Hong Kong can help diversify Mainland insurers’ losses from natural disasters and enhance the risk-sharing mechanism.

Enforcement

Shenzhen Regulator Launches Probe into Evergrande Wealth

29/09/2021

The Shenzhen Financial Regulatory Bureau said a “thorough investigation” into Evergrande Wealth has been launched following investor demands for an inquiry.

AML / KYC

AUSTRAC Outlines Planned Enhancements to Reporting System

29/09/2021

A four-year transformation programme will introduce a “modern and intuitive user interface” and high-speed channels for file uploads, among other changes.

Market Infrastructure

RBI Amends FX Rules for Exports to Facilitate LIBOR Transition

29/09/2021

Under the amendment, authorised dealer banks can use ARRs in place of LIBOR for interest payable in export/import transactions.

Market Infrastructure

Singapore Seeks to Become Global Hub for Carbon Trading

29/09/2021

To scale up carbon trading in the city, Singapore plans to work with Climate Impact X, a collaboration between SGX, DBS, Standard Chartered and Temasek.

MAS Publishes Compliance Toolkit for Trust Companies

28/09/2021

The toolkit provides guidance on applications to be submitted to MAS for approval, as well as notifications and reporting requirements.

ESG / Sustainability

BOK to Boost Investment in ESG-related Stocks, Bonds

28/09/2021

The BOK will exclude companies and sectors with low ESG scores from its investment universe in its foreign currency reserves management.

Market Infrastructure

20 HK Banks Apply to Participate in Wealth Connect – Report

28/09/2021

Balanced funds, money market funds, equity and bond funds are reportedly among the more than 100 types of investment funds awaiting the HKMA’s approval.

Market Infrastructure

ANNA Service Bureau Receives Infrastructure Upgrade

28/09/2021

The enhancements will provide more effective tools for data management, including streamlined data processing and improved communication between contributors.