12/09/2020
Japan’s central bank now tops GPIF as largest owner of domestic stocks, report says
The central bank said in March that it planned to purchase 12 trillion yen worth of Japanese ETFs this year, double the amount bought in 2019.
Legal, Regulation & Compliance
12/09/2020
Global Bank Trio Head to Trial Over Collusion in Australia
Under Australian regulation, a criminal cartel charge will result in a fine of up to A$10 million ($7.4 million) or triple the amount gained from the wrongdoing, whichever is greater, for the firm.
12/09/2020
GSAM to launch thematic funds in Singapore
The firm is also expected to roll out two ESG-focused products in the Lion City.
12/08/2020
Test ahead for RBA to maintain policy plans
“Central banks have been adamant they will not withdraw stimulus too quickly but we know that central banks love to talk the talk and then walk away very quickly if they think things are getting out of control,”
12/08/2020
A monetary mind at the treasury
Janet Yellen as the next US treasury secretary is good news for advocates of rules-based monetary policymaking
12/08/2020
APRA Urges Smaller Banks to Identify Possible Merger Partners
“This process should not be a compliance exercise, rather it is part of good corporate governance for every entity to have a well thought out plan for managing stress.”
12/08/2020
ASIC extends relief from portfolio holdings disclosure
Depending on when regulations are made, ASIC may shorten the period of the relief by a further legislative instrument.
12/08/2020
SFC issues quarterly report
The SFC also began a consultation on proposals to amend the anti-money laundering and counter-financing of terrorism guidelines to align with international standards and provide guidance for applying these measures in a more risk-sensitive manner.
12/08/2020
APRA seeks to enhance flexibility and resilience of ADI capital framework
Given the Australian banking sector is well-capitalised, the proposed changes are not expected to require ADIs to raise additional capital.
12/08/2020
China's $13tn shadow banking sector gets clearer definition
Top bank regulator lists criteria for determining threats to financial system
12/08/2020
Investment bankers head to Federal Court
The magistrate, Jennifer Atkinson, did so on Tuesday, and the Federal Court proceedings are due to kick off before Justice Michael Wigney next Tuesday.
12/08/2020
Appleby Advises Yue Kan Holding Limited on its HKD125.1 Million Listing on the Main Board of the Hong Kong Stock Exchange
Yue Kan intends to apply the net proceeds from the Share Offer to expand its fleet of vessels and site equipment and recruit additional staff to operate these vessels and equipment.
12/08/2020
Goldman Sachs shifts to full ownership of China securities joint venture
Goldman has previously indicated it would double its headcount in China to 600 people by 2025 as part of its expansion plans.
12/08/2020
Pictet AM readies new bond fund
The Geneva-based asset manager plans to launch a Hong-Kong domiciled Asia fixed income product.
12/08/2020
Singapore and China expand financial cooperation to support post-COVID-19 recovery
These measures will build on existing areas of collaboration and facilitate financing and investment activities in support of a post-COVID-19 recovery in Singapore and China.
12/07/2020
Regulator fines Bank of China over loss-making product linked to crude oil
The bank is considering compensating investors up to a fifth of original investments in the products and shouldering all losses in negative territory, sources told Reuters in May.
12/07/2020
Digital Infrastructure to Enable More Effective Financial Planning by Singaporeans
The Ministry of Manpower and GovTech have developed a digital financial planning service, MyMoneySense, that makes use of SGFinDex to provide Singaporeans with an overview of their finances.
12/07/2020
IOSCO Consults on Fair and Equitable Access Market Data
The consultation report describes the concerns related to market data access, costs and fairness, asking for industry views on the issues and how regulators should respond.
12/07/2020
SFC Proposes to Introduce HK Investor ID Regime in 2022
Under the proposed investor identification regime, expected to be implemented in Q1 of 2022 at the earliest
12/07/2020
PBOC, CBIRC Finalise D-SIBs Assessment Framework
ICBC, Agricultural Bank of China, Bank of China, and China Construction Bank will automatically be included in the D-SIBs list, as they are already classified as G-SIBs using the BCBS (Basel Committee on Banking Supervision) assessment methodology.