Enforcement

China Vows ‘Zero Tolerance’ for Bond Issuer Misconduct

24/11/2020

The FSDC will strictly investigate any bond issuer suspected of fraudulent issuance, false disclosure, malicious transfers of assets, or misappropriation of funds.

Capital / Liquidity

CBIRC Approves Bankruptcy Filing by Baoshang Bank

23/11/2020

Baoshang Bank will become the first commercial bank to go bankrupt in China in almost 20 years. Earlier this month, regulators deemed the bank to be non-viable.

Securities / Derivatives

Shanghai INE Launches Bonded Copper Futures Contract

23/11/2020

The new bonded copper contract is the sixth commodities contract traded in China that is open to foreign investors. The launch was approved by the CSRC last month.

Securities / Derivatives

CSRC Seeks ‘Meaningful Dialogue’ with PCAOB on Audit Issues

23/11/2020

“We believe that with openness and professionalism, the two sides will certainly reach a consensus on a joint inspection scheme,” the CSRC said.

ESG / Sustainability

Luxembourg, India Sign Three Market Cooperation Agreements

23/11/2020

An MOU between LuxSE and India INX will enable Indian issuers to dual-list green bonds in Luxembourg, thereby increasing their visibility and secondary market trading.

Securities / Derivatives

SEBI Directs Directs NSE to Triple Investor Protection Fund

23/11/2020

SEBI says it will review the adequacy of NSE’s investor protection fund on a half-yearly basis and that incremental contributions will be made “if required”.

ESG / Sustainability

JPX Launches ‘Knowledge Hub’ to Promote ESG Investment, Disclosure

23/11/2020

The ESG Knowledge Hub provides information and guidance on ESG disclosure and investment from institutional investors, regulators, government and listed companies.

Capital / Liquidity

HKMA Updates Rules for Banks’ Equity Investments in Funds

22/11/2020

The HKMA consulted on local implementation of the standard in January 2019. The new consultation contains amendments reflecting industry feedback.

AML / KYC

South Pacific Nations Complete First Phase of KYC Facility Project

22/11/2020

The KYC facility will improve CDD processes and AML/CFT compliance, and support the provision of correspondent banking services to Pacific Island nations.