Market Infrastructure

CBIRC Issues New Guidelines on Reputational Risk Management

24/02/2021

The guidelines set out four principles for all CBIRC-regulated financial institutions to incorporate in their reputation risk management systems.

AML / KYC

Financial Crime Challenges and Opportunities for the Year Ahead

24/02/2021

Financial crime compliance experts Radish Singh, Richard Carrick, Oonagh van den Berg and Michael Meadon discuss challenges and opportunities for the year ahead.

Securities / Derivatives

Schroders Wealth Management JV Wins CBIRC Approval

24/02/2021

The joint venture with BOCOM will become the third wealth management JV with foreign majority owners to receive regulatory authorisation in China.

AML / KYC

Australian Police Charge Man for Crypto Related Money Laundering

23/02/2021

Police say the Sydney man directed “money launderers for hire” to convert nearly A$5.5mn of cash into bitcoin on his behalf.

Securities / Derivatives

Bursa Malaysia to Allow Lower Public Shareholding Spreads

23/02/2021

The exchange will consider applications from issuers to have public shareholding spreads of between 15% and 20%, compared to current requirements for 25%.

AML / KYC

OJK to Require P2P Lenders to Report Transactions From 1 April

23/02/2021

The move is aimed at preventing the P2P lenders from being used for money laundering and terrorism financing, said OJK Deputy Director Munawar.

Securities / Derivatives

FTSE Russell to Add STAR Market Stocks to Global Benchmark

23/02/2021

The changes, effective from 22 March, are expected to result in $100mn of passive inflows to STAR Market stocks.

Capital / Liquidity

CBIRC Imposes Further Restrictions on Online Lending by Banks

23/02/2021

New rules require banks to contribute no more than 70 percent of the capital when providing loans through an online lending platform.

Enforcement

SFC Fines Asset Manager for Short Position Reporting Errors

23/02/2021

The SFC found that 7,814 short positions held by collective investment schemes managed by Brilliance Asset Management were either misstated or omitted.