Market Infrastructure

China to Issue Additional Quotas for Outbound Investment via QDII

26/10/2020

The move, estimated to release quotas by $2-3bn per quarter, is being called one of the biggest relaxations in capital controls in recent years.

AML / KYC

US Agencies Target Cross-border Transfers in Proposed Rule Change

26/10/2020

Financial institutions will have to collect, retain, and transmit information related to any international transaction over $250, including those involving crypto assets.

AML / KYC

Australian Police Arrest NAB Employee on Fraud Charges

25/10/2020

The former employee faces charges for conspiring to cheat and defraud and attempting to launder A$21.6mn in illicit proceeds through NAB.

AML / KYC

FATF Adopts Measures to Mitigate Proliferation Financing Risk

25/10/2020

The changes are aimed at ensuring FIs and DNFBPs do not unwittingly support or become part of proliferation financing networks or schemes.

Market Infrastructure

ISDA Launches IBOR Fallbacks Supplement, Protocol

25/10/2020

The implementation of fallbacks for derivatives will help to mitigate the systemic risk that could occur following the disappearance of LIBOR.

Crypto / Digital Assets

ASIC Intervenes to Restrict CFD Leverage, Curb Retail Losses

25/10/2020

In a new product intervention order targetting contracts for difference, ASIC has imposed leverage limits and standardised margin close-out arrangements.

Securities / Derivatives

Thailand Launches Information Platform for Sustainability Bonds

25/10/2020

The information platform is based on the Luxembourg Green Exchange, and follows the SEC’s engagement with the Luxembourg bourse earlier this year.

FMA to Recognise Australian Financial Advice Qualifications

25/10/2020

In addition to holding Australian qualifications, the FMA proposes that Australian advisers will need to have at least 12 months’ experience working in Australia.

Securities / Derivatives

HKEX, SZSE Launch New ETF Cross-listing Scheme

25/10/2020

HKEX and SZSE have also signed an MOU to promote the ETF Cross-listing Scheme and facilitate more connections between the two markets.