Clearing & Post-Trade

HKMA, SFC Consult on Annual Update to FSP List

15/04/2021

A unit of Toronto-Dominion Bank is proposed to be included on the FSP list. An entity that has merged with Deutsche Bank will be removed.

Conduct, Culture & Accountability

SFC Fines Optimas Capital Over Short Position Reporting Errors

15/04/2021

The errors occurred as a result of a programming mistake in a script created to automate the process of identifying reportable short positions.

Anti-Money Laundering

Hong Kong: Nine Arrested for Laundering HK$900 Million

15/04/2021

Part of the laundered funds came from 55 victims of investment frauds and romance scams, police say.

AI Risk & Governance

FSC Korea to Create Policy on Use of AI in Financial Services

14/04/2021

The policy seeks to improve fairness and transparency, and protect consumers from newly emerging financial crimes.

Operational Risk

Mizuho Head to Turn Down JBA Chairmanship – Report

14/04/2021

Mizuho Financial Group president and group CEO Tatsufumi Sakai was due to take over as JBA chairman on 1 April.

Fraud, Scams & Cybercrime

HSBC Agrees to Share Documents in Meng Extradition Case

14/04/2021

A Hong Kong judge has approved an agreement between Huawei and HSBC that includes document sharing by the bank, with some redactions.

KYC & CDD

Thailand to Require UBO Transparency in Bond Markets

14/04/2021

Non-residents who invest in debt securities in Thailand are required to open Segregated Securities Accounts with custodians at the UBO level.

Trading & Investment

FSB Issues Guidance on Implementing SFT Data Standards

13/04/2021

The FSB has published FAQs to help national authorities implement the SFT Data Standards to facilitate global collection and aggregation of SFT data.

Conduct, Culture & Accountability

SEBI Fines Yes Bank, Three Others for Mis-selling AT1 Bonds

13/04/2021

SEBI says Yes Bank misled individual investors into buying risky AT1 bonds and did not inform them of the risks involved or conduct risk profiling.