Big Picture

Conduct Risk a Top Concern Among Banks, Insurers: ORX

06/10/2020

In retail banking, scenario development commonly featured conduct risk. In Asia Pacific, fraud has also been a significant concern among FIs.

Securities / Derivatives

Taiwan FSC Selects Nine Foreign Fund Managers to Receive Incentives

06/10/2020

AllianceBernstein, Allianz, Schroders, Invesco, JP Morgan, Fidelity, Nomura, NN Investment Partners and Franklin Templeton were selected.

Fintech / Regtech

RegTech Asia 2020: RegTech Lessons from Digital Banks

06/10/2020

What were some of the challenges of rolling out virtual banks in Hong Kong, and what were the biggest factors in technology and regulatory compliance considerations?

Securities / Derivatives

HKFE Obtains CFTC Certification for More MSCI Contracts

06/10/2020

Two broad-based Taiwan equity index contracts have received CFTC certification, allowing them to be offered and sold to persons in the US.

Enforcement

CFTC Fines Morgan Stanley Over Inaccurate Swaps Reporting

06/10/2020

Morgan Stanley’s cooperation with the CFTC investigation was rewarded with a reduced civil monetary penalty of $5mn.

Fintech / Regtech

SWIFT, Singapore IMDA Join Forces to Digitalise Trade Documents

06/10/2020

The collaboration will pave the way for the seamless exchange of electronic trade documents around the world, shorter trade processing times, and opportunities for innovation.

Enforcement

Court Orders ANZ To Pay A$10m Penalty Over Unlawful Fees

06/10/2020

The case, launched by ASIC in July 2019, related to periodic payment fees ANZ was not entitled to charge under its terms and conditions.

Market Infrastructure

JPX Forms Committee to Investigate TSE System Failure

06/10/2020

The TSE said a failure occurred in a memory module of an Arrowhead shared disk device, where operations did not switch over to a secondary device due to a device setting.

Securities / Derivatives

HKEX Set to Adopt Enhancements to Pre-opening Session

06/10/2020

The POS enhancements, finalised in December, involve the adoption of features from the closing auction session, with the aim of improving price discovery and trading liquidity.