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Alternative Markets
SGX Becomes First Asian Exchange to List Catastrophe Bonds
By Editors | 27/11/2019
The ‘World Bank Philippines Catastrophe Bonds’ will finance up to $225mn of financial protection against earthquakes and tropical cyclones for the Philippines over the next three years.
Conduct, Culture & Accountability
SGX RegCo Rewards Good Governance with ‘Fast Track’ List
By Editors | 26/11/2019
SGX RegCo has named 95 companies that will receive prioritised responses on selected corporate action submissions for maintaining high standards of governance, compliance and reporting quality.
Clearing & Post-Trade
Thailand to Launches DLT Pilot Trading Corporate Bonds
By Editors | 26/11/2019
The DLT project was first announced in September, and will first test trading with bonds before expanding to equities, derivatives and investment funds.
Anti-Money Laundering
UPDATED – Westpac Announces Plan to Address AML/CTF Failings
By Editors | 26/11/2019
Westpac is determined to urgently fix the issues raised by AUSTRAC and lift its standards. ASIC and APRA have begun investigations into the bank.
Structural Regulation
CBIRC Proposes Higher Conduct Standards for Trust Companies
By Editors | 25/11/2019
The CBIRC has issued draft rules cancelling the $1bn total asset threshold foreign FIs are currently required to meet to hold shares in domestic trust companies, among other revisions.
Conduct, Culture & Accountability
HKMA Warns FIs Against Churning Investment Funds for Clients
By Manesh Samtani | 25/11/2019
The HKMA has issued new guidance aimed at preventing, detecting and mitigating misconduct risks at financial institutions in the selling of investment funds.
Trading & Investment
SSE, SZSE Propose Rules Changes to Implement Investor ID Regime
By Editors | 25/11/2019
Under the regime, brokers must assign a unique digital code that identifies each investor, who will be “deemed to agree” that their information may be transferred to the Hong Kong SFC and SEHK.
Structural Regulation
Nomura Joint Venture Secures China Securities Business Licence
By Editors | 25/11/2019
Nomura Orient International Securities, 51% owned by its Japanese parent, will be allowed to operate brokerage, investment consulting, proprietary trading, and asset management businesses.
Trading & Investment
Hong Kong Hedge Funds Offered Incentives to Relocate to Tokyo
By Editors | 25/11/2019
A Japanese delegation was reportedly in Hong Kong last week to meet with dozens of fund managers to persuade them to relocate to Tokyo.
Trading & Investment
CSRC Approves Launch of New Commodity Options Contract
By Editors | 25/11/2019
PTA, methanol, iron ore and gold options will launch in December and rapeseed meal options will launch in mid-January.
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