09/30/2020
Australian RegTech Partners with World's Leading Compliance Innovator
As a leading compliance expert and regulatory lawyer for the last 15 years, Samantha found that approaches to compliance management have stagnated and failed.
Legal, Regulation & Compliance
09/30/2020
SFC reprimands and fines China Everbright Securities (HK) Limited $2.5 million
The SFC’s investigation found that between 1 April 2018 and 19 August 2018, CESHK relied on expired standing authority given by around 6,841 clients to pledge their securities as collateral in obtaining credit line from three banks in Hong Kong.
09/30/2020
ASIC bans BGC Securities fixed income broker for ten years
Mr Moore’s banning is part of ASIC’s ongoing efforts to improve standards across the financial services industry.
09/30/2020
Electronic Dissemination of Rights Issue and Take-over Documents Extended to 30 June 2021
They must also send the hardcopy application or acceptance forms to shareholders.
09/30/2020
AIIB approves US$150 million loan for Indonesia satellite
Broadband internet service to benefit 45 million people in country's least developed regions
09/30/2020
HKMA to Enhance AML/CFT Supervision Through Data & Tech
The AMLS Project builds on Hong Kong’s mutual evaluation, which positively assessed the HKMA’s risk-based AML/CFT supervision, and aligns with international trends to leverage technology and data to identify and assess ML/TF risk.
09/29/2020
China to combine QFII and RQFII schemes
Other more recent inbound initiatives, such as the stock and bond connect programmes, have made the QFII and RQFII less relevant.
09/29/2020
Fund managers show mixed feelings on Hong Kong law
Despite threats of a possible exodus after draconian security legislation, the financial hub retains many attractions
09/29/2020
ASIC: Avrohom Kimelman and Don Evans charged with market manipulation offences
Quantum is now known as Nova Minerals Limited.
09/29/2020
Hong Kong securities and futures commission signs new MoU with the insurance authority
"We welcome the signing of this new MoU which will deepen mutual cooperation and coordination, optimising deployment of limited resources and lessening the compliance burden by reducing duplicated efforts."
09/29/2020
Financial Regulation: Weekly Update
Covid-19: Government launches financial industry recruitment scheme
09/29/2020
MAS Looks to Extend Debt Relief Program
The Singapore government has pledged more than $100 billion in Covid-19 related relief to mitigate the extent of the economic downturn resulting from the virus outbreak.
09/29/2020
MAS in Talks with Banks on Extending Relief for Borrowers
A tiered approach is said to be under consideration, so that relief is targeted to those needing the most help. Details of the plan and what types of borrowers would be covered under an extension are still being finalised, Bloomberg sources said.
09/29/2020
HKEX Launches Five New MSCI Futures Contracts
A six-month 100 percent trading fee waiver has also been applied to all MSCI Taiwan and MSCI Singapore contracts traded on HKEX.
09/28/2020
As bank giant's shares sink to new low, HSBC to face class action over money laundering claims
Class action lawsuits allow multiple claims against a single defendant.
09/28/2020
Chinese investors, beware: EU vows to take aim at ‘golden visas’ programmes
Such passports, which some countries issue in return for investments, are popular because they provide freedom of movement among all EU nations
09/28/2020
44 Indian banks reported to watchdog for large suspicious transactions
Records show there are cases where ‘suspicious transactions’ have been carried out through the international payment gateway of foreign banks, said the paper.
09/28/2020
India regulator mulls measures to lower bond fund redemption risk, report says
The report did not provide more details or provide a timeline for the measures. Spokespersons for Sebi did not immediately respond to questions from Asia Asset Management.
09/28/2020
Thailand securities regulator seeks investigative power, report says
"The proposed amendment is expected to be submitted to the SEC's board of directors, then to the finance minister during the first quarter of next year,"
09/28/2020
Thailand: BOT to Revamp Banks’ Reporting Requirements
The reforms will seek to adjust the reporting format to align with international standards, thereby reduce data processing steps for financial institutions and the costs associated with reporting, while increasing reporting efficiency.