Market Infrastructure

China Considers Easing Restrictions on Offshore Investment

21/02/2021

Regulators will explore the feasibility of allowing individuals to use their annual foreign exchange quotas to invest in overseas markets.

Big Picture

80pc of Central Banks Use Big Data to Support Policy Efforts

21/02/2021

Many central banks have undertaken initiatives to develop big data platforms to facilitate storage and processing of large data sets, but progress has varied.

Enforcement

Singapore Police Investigate Nickel Trading Investment Fraud

21/02/2021

Envy Asset Management and Envy Global Trading are suspected of using investors’ funds to finance nickel trading activities. Both have had their bank accounts frozen.

AML / KYC

HK Banks Used to Launder Over HK$8bn in Scam Proceeds in 2020

21/02/2021

More than 10,000 bank accounts are believed to have been used in 2020 to collect and launder the funds before being channelled out of Hong Kong.

AML / KYC

ISO Standard Defining ISIN Updated to Expand Scope

21/02/2021

The update expands the scope of the standard beyond securities to include OTC derivatives, baskets, emission allowances and carbon credits.

Market Infrastructure

SEBI Board Meeting: A Preview of Things to Come

21/02/2021

SEBI has relaxed its minimum public offer requirements just days after revealing a number of new initiatives in its annual report.

AML / KYC

OFAC Settles Sanctions Case Against Crypto Payments Processor BitPay

20/02/2021

BitPay is said to have enabled individuals in sanctioned jurisdictions to engage in $129,000 worth of digital currency-related transactions with its merchant customers.

Capital / Liquidity

FSC Korea to Enhance Recovery and Resolution Regimes of SIFIs

20/02/2021

SIFIs will have 3 months after designation to submit recovery plans to regulators. The FSC will have the authority to demand action from a SIFI in line with its recovery plan.

ESG / Sustainability

Australia Introduces ‘Your Future, Your Super’ Bill to Parliament

19/02/2021

Industry bodies ISA and AIST say the legislation doesn’t go far enough and are pushing for the legislation to be reviewed by a Senate Committee.