AML / KYC

ISDA Offers Guidance on Addressing Sanctions in Trading Agreements

20/12/2020

The guidance note helps parties consider whether it may be appropriate to include specific sanctions provisions in ISDA documentation.

Market Infrastructure

CSRC Issues Draft Rules on Cybersecurity Incident Handling

20/12/2020

The draft rules provide new standards for categorising cybersecurity incidents based on severity, enhance incident reporting efficiency, and introduce added flexibility for punishments.

Securities / Derivatives

SFC Consults on Amendments to Code on Pooled Retirement Funds

20/12/2020

Given the wide participation in Hong Kong by employers and employees in ORSO schemes which invest in PRFs, appropriate investor protection should apply.

Securities / Derivatives

Bursa Malaysia, Global Compact to Collaborate on Sustainability Agenda

20/12/2020

The collaboration will include the development of a Corporate Sustainability Competency Framework, which will serve as a reference for corporate sustainability professionals.

Market Infrastructure

BCBS, CPMI Warn of Continued Risks Associated with FX Settlement

20/12/2020

Expanding the availability of PvP settlement to a wider range of transactions and actors will reduce FX settlement risk and support global financial stability.

Fintech / Regtech

HKMA Outlines Regtech Use Cases for Pandemic Environment

18/12/2020

In its fifth issue of ‘Regtech Watch’, the HKMA outlines four potential regtech use cases relevant to the pandemic environment.

Securities / Derivatives

China Fund Managers Prepare to Launch Cross Market Bond ETFs

17/12/2020

Five fund managers have reportedly applied to launch bond index funds that can be traded on the Shanghai exchange, Shenzhen exchange, or the interbank market.

APRA, ASIC Offer Guidance on Super Fund Obligations

17/12/2020

Super funds can capitalise on potential synergies when building systems and processes for their Member Outcomes obligations and Product design and distribution obligations.

Enforcement

Taiwan Addresses Bank Misconduct With Higher Penalties: Fitch

17/12/2020

Banks are expected to work to strengthen their risk controls, particularly around wealth management to avoid penalties and preserve their corporate governance rankings.