AML / KYC

Deutsche Bank to Pay $130m to Resolve FCPA Violations, Fraud Charges

11/01/2021

The bank’s employees and agents concealed bribes paid to obtain and maintain lucrative business in Saudi Arabia, Abu Dhabi, Italy and China.

Enforcement

FSS Korea to Probe Samsung Securities for Regulatory Violations

11/01/2021

The FSS will look into whether loans granted to executives violated the capital market law and whether the firm influenced a merger involving one of its subsidiaries.

Securities / Derivatives

HKEX Launches Familiarisation Programme for New Risk Engine

11/01/2021

A familiarisation programme has been launched to allow clearing participants to retrieve margin related reports calculated based on the new ORP risk models.

Enforcement

CBIRC Penalises State-owned Financial Institutions and Subsidiaries

11/01/2021

ICBC, China Development Bank, Great Wall, and Postal Savings Bank and a number of their subsidiaries were penalised almost 200mn yuan for various regulatory violations.

RBNZ Data System Illegally Accessed by Malicious Attacker

10/01/2021

Commercially and personally sensitive information may have been accessed by malicious attackers who accessed a third-party file-sharing service used by the RBNZ.

Market Infrastructure

UOB Prices Singapore’s First Capital Security with SORA Reference

10/01/2021

UOB priced its perpetual, non-call five-year AT1 securities with a reset coupon rate that references the SORA-OIS rate.

ASIC Approves Variations to Banking Code of Practice

10/01/2021

The changes extend the Covid-19 Special Note for six months to September 2021, and amend definitions to bring more small businesses into scope.

Capital / Liquidity

CBIRC Directs Rural Banks to Merge, Reorganise to Contain Risks

10/01/2021

The CBIRC says rural banks should boost capital, merge with other institutions, or introduce strategic investors to mitigate financial risks.

Fintech / Regtech

Taiwan FSC Approves Banks for Second Phase of Open Banking

10/01/2021

Following the launch of the first phase in September 2019, the second phase of open banking will involve the exchange of customer data.