Markets & Infrastructure

Emerging Prudential Risks

RBA Cuts Cash Rate to Record Low, Confirms More Bond-buying

By Editors | 03/11/2020

The official cash rate is expected to remain at 0.1 for three years. The RBA will also buy A$100bn of government bonds over the next six months.

Structural Regulation

Chinese Regulators Force Suspension of Ant Group IPO

By Editors | 03/11/2020

The Shanghai and Hong Kong IPOs have been suspended following supervisory interviews with Jack Ma and two other executives. Ant was due to start trading on Thursday.

Credit Risk

PBOC, CBIRC Issue Draft Rules for Small Loans Businesses

By Editors | 03/11/2020

Microfinance businesses must have a registered capital of at least CNY 1 billion. Those operating across provincial borders must have at least CNY 5 billion.

Cloud & Infrastructure

HKMA to Target Accelerated RegTech Adoption in 2021

By Manesh Samtani | 03/11/2020

The HKMA wants to see banks embracing and trialling new technologies and proofs of concept, and ultimately adopting more Regtech solutions, said central banker Arthur Yuen.

Cloud & Infrastructure

BIS Innovation Hub, HKMA Announce TechChallenge Winners

By Editors | 02/11/2020

The winning proposals hold ‘great potential’ for addressing some long-standing pain points of the global trade finance business, said the HKMA’s Edmond Lau.

Fraud, Scams & Cybercrime

Korean Prosecutors Raid Brokerage Firms Over Lime Asset Mis-selling

By Shruti Khairnar | 02/11/2020

Investigators from Seoul’s prosecution office raided the headquarters of Shinhan Investment Corp, Korea Investment & Securities, and KB Securities last week.

Market Abuse

KRX Probes Market Makers’ Compliance With Short Selling Rules

By Editors | 02/11/2020

The inspection will cover all 22 market makers, focusing on whether they conducted naked short selling and whether they violated the uptick rule.

Trading & Investment

China Further Opens Domestic Markets to Foreign Investors

By Manesh Samtani | 01/11/2020

Qualified foreign investors can lend out and borrow stock holdings to enable their use in short-selling, and trade equity index futures on the CFFEX.

Conduct, Culture & Accountability

CBA to Pay Penalty for Increasing Problem Gambler’s Credit Limit

By Editors | 01/11/2020

ASIC launched civil proceedings against CBA in March alleging that the bank failed to take account of a notification by a customer that he was a problem gambler.