Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
CSRC Probes Haitong Securities in Financial Reporting Fraud Case
10/09/2021
Haitong is suspected of negligence and violations of law and regulations when it served as financial adviser on a deal to help a client on a backdoor listing deal.
Market Infrastructure
GBA Wealth Management Connect Set for Launch
10/09/2021
The southbound leg of Bond Connect will also be launching shortly. A press release will be held this afternoon to announce implementation details.
Capital / Liquidity
APRA, RBA to Discontinue Committed Liquidity Facility
10/09/2021
APRA and the RBA consider there to be sufficient HQLA for banks to meet LCR requirements and for the foreseeable future without the need to utilise the CLF.
AML / KYC
Taiwan to Revise Authentication Rules to Facilitate Digital Banking
10/09/2021
The new rules allow banks to use biometric authentication methods to fulfill identity authentication requirements for internet-based applications.
Big Picture
ISDA Publishes New Papers Examining ESG Market
10/09/2021
The papers focus on KPIs for sustainability-linked derivatives and the accounting treatment for ESG transactions.
Securities / Derivatives
First BlackRock Mutual Fund in China Raises $1bn
10/09/2021
BlackRock is the first foreign asset manager to launch a wholly-owned onshore mutual fund business in China.
Securities / Derivatives
Australian Carbon Exchange Expected to Launch in 2023
10/09/2021
Australia’s Clean Energy Regulator has invited 13 companies including ASX to participate in an RFP to develop an exchange-traded market and registry for carbon offset units.
Enforcement
Australian Court Fines Allianz, AWP for Deceptive Conduct
09/09/2021
Allianz and AWP will pay a total AUD 1.5 million for engaging in misleading and deceptive conduct when selling travel insurance.
Enforcement
Hong Kong ICAC Charges Ex-HSBC Banker for Accepting Bribes
09/09/2021
The bribes were paid as an inducement to or reward for the ex-banker to conceal the identity of the ultimate controller of two SMEs that obtained loans from HSBC.
APRA Finds Praise in Survey of Regulated Entities
09/09/2021
APRA’s supervision helps to protect banking, insurance and superannuation industries, say 95 percent of regulated entities.
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