Market Infrastructure

ASIC Finds Lack of Maturity in Banks’ Scam Strategies

21/08/2024

ASIC conducted a review of scam strategies and governance at 15 non-big-four banks, finding a “less mature approach” than expected.

Capital / Liquidity

RBNZ Consults Additional Standards for New DTA Regime

21/08/2024

RBNZ is consulting on standards covering areas such as governance, lending, risk management and operational resilience.

Securities / Derivatives

Hong Kong MPFA to Pursue Further Pension System Reforms

21/08/2024

The MPFA will make it easy for members to switch providers and expand the choices of REITs available to scheme members.

Securities / Derivatives

BSP Amends Rules for Banks on Equity Divestments

21/08/2024

The amended rules clarify expectations for banks to divest equity investments that are prohibited under applicable laws and regulations.

Enforcement

HK Court Jails Ex-Sunway Employee for Laundering $125m

21/08/2024

The court sentenced a personal assistant to five years in prison for helping his boss unlawfully obtain loans from a listed company and launder the proceeds.

Market Infrastructure

Stock Connect’s 2nd Phase of Market Data Changes Now in Effect

20/08/2024

The changes may lower volatility and help stabilise the A-share market, but may also lower the market’s appeal to some foreign investors.

Enforcement

SFC Lifts Suspension of Changjiang Corporate Finance

20/08/2024

The SFC said it is satisfied that Changjiang’s sponsor business now has adequate systems, controls, policies and procedures to enable compliance.

HKMA to Create Taskforce to Handle Loan-related Complaints

20/08/2024

The task force will handle complaints from SMEs that are being asked to repay their loans earlier than the agreed time.

AML / KYC

ASIC Has Shut Over 7,300 Scam Websites in One Year

20/08/2024

Since July 2023, ASIC has taken down over 5,530 fake investment platform scams, 1,065 phishing scam hyperlinks and 615 crypto investment scams.