Capital / Liquidity

RBNZ Removes Liquidity Facilities Amid Improving Market Conditions

10/03/2021

Financial market conditions have “improved significantly” since the Term Auction Facility and the Corporate Open Market Operation were introduced.

AML / KYC

China to Bolster Legal Defences Against Foreign Sanctions

09/03/2021

China plans to accelerate legislation designed to guard against foreign sanctions, interference and long-arm jurisdiction, a top lawmaker has said.

EBA on Heightened Security Alert Following Cyber Attack

09/03/2021

Tens of thousands of organisations in Asia, Europe and the US were targeted in a campaign that exploited vulnerabilities in different versions of Microsoft’s mail server software.

Market Infrastructure

HKMA Issues Guidance for Bond Connect FX Settlement Banks

09/03/2021

Hong Kong FX Settlement Banks should ensure that FX conversion and hedging transactions arise from “genuine and reasonable” Bond Connect investment needs.

Securities / Derivatives

Bursa Malaysia Revamps Crude Palm Kernel Oil Futures Contract

09/03/2021

The enhancements aim to create an effective hedging instrument against the physical market and provide an alternative instrument for participants.

Enforcement

Australian Court Penalises Dover Financial Advisers for Misconduct

09/03/2021

The penalty is part of the fallout from a 2019 federal court judgment that Dover Financial Advisers engaged in “false, misleading or deceptive conduct”.

Capital / Liquidity

FSC Korea Issues New Rules for Non-holding Financial Groups

08/03/2021

Non-holding financial groups deemed to have financial soundness problems will be required to draw up and submit business improvement plans.

AML / KYC

HK Bourse Offers Guidance on Compliance with BCAN Requirements

08/03/2021

Exchange participants are “strongly advised” to strengthen controls and take immediate action to rectify any breaches of BCAN requirements.

Market Infrastructure

BOJ Governor Says Climate Change Should Guide Monetary Policy

08/03/2021

The BOJ must speed up research and deepen its understanding of climate change and its impacts on monetary policy, Governor Haruhiko Kuroda told parliament.