AML / KYC

SZSE Amends Bond Repo Rules to Enhance Security, Transparency

06/03/2021

The revised measures will require counterparties to display their identity information. Previously only the counterparty’s code was available for display.

Market Infrastructure

IBA Publishes Beta Version of ICE SONIA Indexes

05/03/2021

The ICE SONIA Indexes can be used to help calculate and process interest accruals from both a lender’s and borrower’s perspective.

AML / KYC

Malaysia Secures Settlement from Deloitte to Resolve 1MDB Claims

05/03/2021

Malaysia’s Finance Ministry is also negotiating a settlement with KPMG, which was replaced by Deloitte as auditor of 1MDB in 2013.

Market Infrastructure

Tokyo Exchange Obtains ESMA Recognition Under BMR

04/03/2021

A total of 192 benchmarks administered by the TSE are listed as in scope, including key benchmarks TOPIX and JPX-Nikkei Index 400, as well as their sub-indices.

Enforcement

Bursa Punishes RHB Representative for Unauthorised Trading

04/03/2021

The former representative committed the breaches for personal financial gain and attempted to conceal his misconduct from RHB Investment Bank’s management.

Enforcement

Taiwan FSC Penalises Brokers for Lax Security Controls

04/03/2021

Cathay Securities, Concord Securities and SinoPac Securities were fined the most and barred from certain business and capital raising activities for three months.

Capital / Liquidity

APRA Finalises Reporting Standard for Operational Risk Capital

04/03/2021

APRA has introduced a 35 day lag before data submitted for ARS 115.0 will become non-confidential, to ensure an ADI’s financial disclosures are published first.

Capital / Liquidity

RBNZ Refines Principles Governing Insurance Solvency Review

04/03/2021

The RBNZ says it is confident that the revised principles are now robust, comprehensive and will guide the ongoing policy work on the review of solvency standards.

Market Infrastructure

NSE, INX, MCX to Jointly Set Up New GIFT City Bullion Exchange

04/03/2021

NSE, India INX, MCX, NSDL and CDSL have agreed to set up a bullion exchange, clearing corporation and depository at GIFT City.