Securities / Derivatives

Korea: FSS to Probe Frozen Notes Linked to Singapore, Hong Kong

10/08/2020

The FSS reportedly wants to determine why redemptions in some structured notes linked to Singapore trading firms have been frozen.

Market Infrastructure

Hong Kong FSDC Proposes to Allow Tax Offsets Within Group Structures

10/08/2020

The proposed reforms would allow financial services groups operating in Hong Kong to offset the profits of one group company against losses in another.

Fintech / Regtech

China Moves Closer to Launching Sovereign Digital Currency

07/08/2020

PBOC has formed a new subsidiary to streamline efforts to launch a central bank digital currency, which is now being tested at four state-run banks.

Fintech / Regtech

MAS to Set Up Regional Digital Finance Institute

06/08/2020

The Asia Institute of Digital Finance will be jointly operated by MAS, the National Research Foundation and the National University of Singapore.

Market Infrastructure

Japan Amends Rules to Lure Hong Kong Fund Managers

05/08/2020

A Cabinet level amendment will allow overseas investment funds and securities operators to temporarily operate from Japan.

Enforcement

Australia: Former Financial Adviser Jailed for Six Years

04/08/2020

Graeme Walter Miller was sentenced to six years’ imprisonment for misappropriating close to A$2mn for his own purposes.

Big Picture

FMSB Publishes Spotlight Review on Market Surveillance

04/08/2020

The Spotlight Review looks at current and future challenges that FICC market participants face in market surveillance and the impact of machine learning.

Market Infrastructure

SC Orders Bursa Malaysia to Conduct Full Systems Review

02/08/2020

The Securities Commission has ordered Bursa Malaysia to conduct a thorough systems review, after a glitch forced a trading halt in mid-July.

NAB to Stop Dealing with Unlicensed Debt Management Companies

02/08/2020

NAB says it wants to ensure vulnerable customers are appropriately and professionally supported, either directly by the bank or an accredited representative of their choice.