SECURITIES / DERIVATIVES

Enforcement

Taishin Bank Employee Arrested in Taiwan for Embezzlement

By Sanday Chongo Kabange | 19/11/2020

The employee allegedly misappropriated over $10.5mn. The FSC described the case as “the biggest embezzlement case in Taiwan’s banking history”.

ESG / Sustainability

KRX Launches Index Tracking Carbon Efficiency of Listed Companies

By Editors | 19/11/2020

The index assigns weightings based on carbon-to-revenue footprints calculated using information in sustainability reports, annual reports, ESG reports, and other publicly disclosed sources.

Securities / Derivatives

AllianceBernstein Seeks CSRC Approval for China Mutual Fund Unit

By Editors | 19/11/2020

US fund manager AllianceBernstein’s Hong Kong unit has applied to set up a mutual fund unit in China.

Securities / Derivatives

US SEC to Propose Rules for Chinese Delistings Next Month

By Manesh Samtani | 18/11/2020

SEC officials have been working on the rules since August, when a presidential working group proposed enhanced listing standards to ensure access to Chinese audit work papers.

Securities / Derivatives

Singapore Sees Regulatory Support for Bank-Issued Covered Bonds

By Editors | 18/11/2020

Moody’s Investors Service says the higher encumbrance limit set by MAS last month may increase covered bonds issuances, deepen the market and reduce refinance risks.

Securities / Derivatives

FMA Proposes New Guidance on Financial Product Advertising

By Sanday Chongo Kabange | 18/11/2020

The guidance sets out the FMA’s expectations of what good conduct in the advertising of offers of financial products looks like.

Market Infrastructure

OTC Clear to Launch RTGS Settlement Service for Members

By Manesh Samtani | 18/11/2020

From 30 November 2020, the new service will relieve clearing members from having to create payment instructions to settle amounts due to OTC Clear each day.

Market Infrastructure

ASIC Flags Concerns Over Further Infrastructure Issues at ASX

By Editors | 17/11/2020

Following a near-full day market closure, data issues prevented ASX from displaying Chi-X bids and offers on its Centre Point matching system.

ESG / Sustainability

FSB to Address NBFI Vulnerabilities as Key Priority in Year Ahead

By Manesh Samtani | 17/11/2020

In a letter to the G20, the FSB outlines its key priorities for the year ahead, including work to address vulnerabilities in money market funds, open-ended funds, and bond markets.