Securities / Derivatives

New Zealand Extends Overseas Investment Notification Requirement

04/09/2020

The notification regime allows the government to impose conditions on or block transactions that are contrary to New Zealand’s national interest.

Fintech / Regtech

Australia Senate Committee on Fintech, Regtech Publishes Interim Report

04/09/2020

The committee has categorised the material presented under: Covid-19 issues, tax, regulation, access to capital, skills and talent, and culture.

Market Infrastructure

China Issues Draft Rules Easing Foreign Access to Bond Market

04/09/2020

The rules simplify application procedures for foreign bond investors, unify rules governing various investment channels, and optimise remittance and foreign exchange operations.

AML / KYC

SWIFT Details How Cyber Criminals Encash Stolen Funds

03/09/2020

In a new report, SWIFT and BAE Systems reveal how cyber attackers launder money and ‘cash out’ following large-scale heists.

Market Infrastructure

Amex Joint Venture Commences Card Clearing Operations in China

03/09/2020

The joint venture has launched bank card clearing services in partnership with 16 commercial banks, three mobile payment platforms, and nonbanking payment services providers.

Securities / Derivatives

CSRC Grants Citigroup Fund Custody Licence in China

02/09/2020

Standard Chartered is the only other foreign bank to have obtained a fund custody licence in China. Citi becomes the first US bank to do so.

Securities / Derivatives

DBS Approved to Establish Securities Joint Venture in China

02/09/2020

DBS has become the eighth foreign financial institution to win approval to take majority ownership of a securities venture in China.

Securities / Derivatives

SEHK to Codify General Waivers to Streamline Listing Process

02/09/2020

Hong Kong’s stock exchange will codify a number of general waivers and principles relating to IPOs and issuers, effective from 1 October 2020.

ESG / Sustainability

Thailand SEC, UK Govt to Collaborate in Financial Sector

02/09/2020

The initial focus areas of the partnership will include green bonds, the fintech ecosystem, e-KYC and cybersecurity, the SEC and UK government said.