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Enforcement
Ex-CBIRC Official Took Bribes During Baoshang Takeover – Report
29/09/2021
Li Guorong is accused of taking bribes from entrepreneurs while serving as deputy head of a team appointed to take over Baoshang Bank.
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.
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