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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Structural Regulation
HK Audit Regulator to Probe Convoy Financial Statements
By Ranamita Chakraborty | 01/03/2021
Zhonghui Anda CPA Limited may have failed to express an appropriate audit opinion in three years of Convoy’s financial statements, the Financial Reporting Council said.
Cloud & Infrastructure
Westpac Announces New Partner in Digital Banking Push
By Ranamita Chakraborty | 01/03/2021
Westpac and SocietyOne have signed a partnership expand digital banking services to customers in the second quarter of this year.
PEPs & Sanctions
NYSE Announces Decision to Delist Chinese Oil Major CNOOC
By Editors | 01/03/2021
The decision was made in light of Executive Order 13959, which was signed in November, and updated guidance provided by OFAC in January.
Payments & Settlements
India Allows Private Banks to Conduct Government Business
By Editors | 28/02/2021
Since 2012, payments for tax, pensions and other government business have largely been channelled through public sector banks.
Structural Regulation
Australia Launches ‘Buy Now Pay Later’ Code of Conduct
By Ranamita Chakraborty | 27/02/2021
The code makes AFCA membership compulsory and incorporates ASIC’s new design and distribution obligations regime.
Trading & Investment
BOT to Issue First THOR-linked Floating Rate Bond in March
By Editors | 26/02/2021
Institutional investors such as commercial banks, mutual funds, and insurance companies will be allowed to participate in the auction.
Sustainable Finance
New Initiatives Announced to Promote Hong Kong Capital Market
By Manesh Samtani | 25/02/2021
Paul Chan spoke of measures to boost green bond issuance, launch southbound Bond Connect, expand Stock Connect, and subsidise REITs, fund managers and family offices coming to Hong Kong.
Structural Regulation
SFC, FRC to Enhance Regulatory Cooperation in Capital Markets
By Editors | 25/02/2021
Collaboration will be key to combat persistent problems with false or misleading financial statements and other corporate misconduct, said SFC Chairman Tim Lui.
Structural Regulation
Australia Launches Review of AFCA’s Functions, Performance
By Editors | 25/02/2021
The Treasury will ascertain whether AFCA is operating effectively and achieving its objectives, and whether there is a need for a mechanism for reviewing the substance of its decisions.
Cloud & Infrastructure
OJK Indonesia Urges Rural Banks to Digitalise Operations
By Editors | 25/02/2021
Efforts to digitalise are aimed at improving financial inclusion for ‘micro-entrepreneurs’ and other members of the unbanked or underbanked population in Indonesia.
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