Enforcement

Hong Kong SFC Fines UBS Over Regulatory Breaches

03/08/2021

The breaches involve research report disclosures, telephone recordings, client derivatives knowledge assessments, and structured product sales.

AML / KYC

EBA Issues Guidance on Role of AML Compliance Officers

03/08/2021

Where a financial services firm is part of a group, the guidelines provide that a group AML/CFT compliance officer be appointed at the parent company level.

Capital / Liquidity

RBNZ to Tighten Mortgage Lending Standards From October

02/08/2021

The RBNZ will further restrict high-LVR lending, and also consider the use of DTI restrictions and interest rate floors.

Market Infrastructure

OSE, TOCOM Set to Launch J-GATE 3.0 on 21 September

02/08/2021

The next-generation derivatives trading system known as J-GATE3.0 will go live on 21 September 2021.

ESG / Sustainability

JPX Sets Organisational Targets to Achieve Carbon Neutrality

02/08/2021

JPX is researching the possibility of generating renewable energy through its own energy generation facilities.

Market Infrastructure

China, Hong Kong to Strengthen Legal, Judicial Cooperation

02/08/2021

China and Hong Kong will promote mutual recognition and assistance in bankruptcy procedures. Mainland judicial practice training will be arranged for Hong Kong legal professionals.

Enforcement

Korea: Daishin Securities Ordered to Compensate Lime Investors

02/08/2021

Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.

AML / KYC

Western Australia Man Jailed for Dealing in Criminal Proceeds

02/08/2021

The man was sentenced to five years jail over A$6.1mn in cash discovered as a result of intelligence gained during Operation Ironside.

Securities / Derivatives

ISDA, ICMA, ISLA Sign MoU on Common Domain Model

02/08/2021

The MoU establishes a framework for closer collaboration on the development of the Common Domain Model across financial markets.