Clearing & Post-Trade

HKEX Names Firms Piloting New Stock Connect Settlement Platform

28/06/2021

BNP Paribas, Citibank, CSOP Asset Management, Invesco, Northern Trust, State Street, Standard Chartered, BNY Mellon and HSBC will join the HKEX Synapse pilot.

Fraud, Scams & Cybercrime

Korea FSC Extends Optimus Suspension for Six More Months

28/06/2021

A new fund management company is being set up to take over and manage funds previously operated by Optimus Asset Management.

Reporting & Disclosures

HK to Accelerate Plans for Mandatory Climate Disclosures – Report

28/06/2021

The HKMA’s Darryl Chan reportedly said mandatory climate disclosure requirements could arrive in Hong Kong as early as next year.

Credit Risk

Taiwan Raises Cap on Special Loans to Small Businesses

28/06/2021

The Small and Medium Enterprise Credit Guarantee Fund of Taiwan will underwrite 100 percent of the lending programme.

Structural Regulation

AmCham Offers Taiwan Tips for Improving Financial Sector

27/06/2021

AmCham Taipei’s new whitepaper offers recommendations for banking, capital markets, asset management, private equity, insurance, tax, and sustainable development.

CBDCs

Taiwan Central Bank Experimenting with CBDC

27/06/2021

Central bank staff are working with software engineers to simulate how transactions would be made with a CBDC, known as “govcoin”.

Data Privacy

FSC Korea Set to Grant First Insurance Firms MyData Licences

27/06/2021

The granting of licences to insurance companies is expected to help diversify the service areas covered by the MyData platform.

Structural Regulation

Korea to Impose Additional Requirements for PE Funds

27/06/2021

A new rule will also be introduced to allow for faster removal of fund managers that fail to meet the requirements.

Market Abuse

SFC Probes CLSA Over CEFC Energy Bond Deal

25/06/2021

A former CLSA managing director has accused CLSA of “blatant” misbehaviour as bond underwriter for the now-defunct CEFC Energy.