Market Infrastructure

Eximbank Issues South Korea’s First SOFR-linked Bonds

20/08/2020

State lender Eximbank is the first financial institution in South Korea and the third in Asia to issue SOFR-linked bonds.

Securities / Derivatives

Singapore Authorities Charge Five Remisiers for False Trading

20/08/2020

The five individuals charged were former remisiers for Phillip Securities, OCBC Securities, DBS Vickers Securities, and Maybank Kim Eng Securities.

AML / KYC

APAC Regulators Issue Nearly $4bn in AML Fines in H1 2020

19/08/2020

Fraudulent activity brought on by Covid-19 related initiatives may result in enforcement actions later in the year and into 2021, says Fenergo’s Rachel Woolley.

Malaysia Bolsters Debt Resolution Support for SMEs

19/08/2020

From 1 September, SMEs can seek debt restructuring services, financial education and advisory from the Credit Counselling and Debt Management Agency, known as the AKPK.

Enforcement

Top Chinese Court Issues Guidance on Punishing ChiNext Crimes

19/08/2020

The “zero tolerance” guidance came days before the first batch of companies are set to debut under ChiNext’s new registration-based system.

Enforcement

MAS Bans Two Individuals for Fraud and Dishonest Conduct

19/08/2020

Prohibition orders were issued against former representatives of Prudential Assurance Company Singapore and Bank of Singapore in two unrelated cases.

Securities / Derivatives

MSCI Launches Climate Change Indexes for China Stocks

19/08/2020

The new indexes will allocate higher weightings to stocks with lower carbon emissions. MSCI is in talks on the creation of investment products based on the new indexes.

Big Picture

Asian Central Banks Fear Return of USD Funding Stress

19/08/2020

Trade frictions, a resurgence of Covid-19 infection rates, and rising corporate insolvency and credit rating downgrades could prompt renewed US dollar funding stress, says a new report.

Capital / Liquidity

HKMA Eases LTV Rule for Commercial Real Estate Loans

19/08/2020

Effective from 20 August, the loan-to-value ratio cap is being raised from 40 to 50 percent. The 40 percent cap was introduced in 2009 as a market cooling measure.