AML / KYC

MSCI, Nasdaq Announce Removal of Chinese Companies from Indices

17/12/2020

MSCI, Nasdaq, S&P Dow Jones Indices and FTSE Russell have now all announced the removal of Chinese companies from their indexes to comply with last month’s executive order.

Enforcement

CSRC Suspends Credit Rating Agency, Orders Improvements

16/12/2020

The rating agency has been asked to carry out a comprehensive rectification programme, strengthen internal controls, and improve the quality of its ratings.

AML / KYC

ANNA Announces Expansion of ISIN-to-LEI Mapping Initiative

16/12/2020

The linking of ISINs and LEIs effectively links issuers to the issuance of securities, thereby improving transparency and aiding risk and exposure management.

Crypto / Digital Assets

SFC Issues First Licence to Digital Asset Trading Platform

16/12/2020

The licences permit OSL Digital Securities to operate regulated brokerage and automated trading services for digital assets.

Fintech / Regtech

Digital-only Bank Announces Closure in Australia

16/12/2020

Xinja blamed Covid-19 and a difficult capital raising environment for its decision to exit banking. APRA will monitor the return of customer funds.

Securities / Derivatives

PBOC to Improve Supervision Over Bond Rating Agencies

16/12/2020

PBOC vice president Pan Gongsheng said the development of China’s bond market was being hindered by false high ratings and insufficient discrimination among issuers’ credit risk.

Securities / Derivatives

ASIC Defers Super Fund Requirement to Disclose Portfolio Holdings

15/12/2020

The one-year deferral is necessary as supporting regulations have not yet been made. ASIC encourages super funds to voluntarily disclose portfolio holdings.

Securities / Derivatives

China’s DCE to Start Trading Hog Futures in January

15/12/2020

The CSRC has announced a launch date of 8 January 2021 for live hog futures to start trading on the Dalian Commodity Exchange.

Fintech / Regtech

Japan FSA to Allow Banks Use Customer Data for Targeted Ads

15/12/2020

The FSA will reportedly allow local banks to use their customers’ data for targeted advertising and sales activities.