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South China Morning Post
Hong Kong’s new monetary chief Eddie Yue vows to defend currency peg, says there’s no need to change it

Hong Kong’s new monetary chief said that his main priorities were to defend the peg linked system and strengthen the city’s status as an international financial centre and gateway to mainland China.

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finews.asia
Retiring HKMA Chief Praises Annuity Scheme He Launched

The Hong Kong Monetary Authority’s retiring chief, Norman Chan Tak-lam, took one last opportunity to laud the retirement scheme he launched and claimed he could think of no better options for investing.

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ASIA FIRST
Hong Kong’s SFC seeks to regulate public fund custodians

The Securities and Futures Commission (SFC) of Hong Kong has proposed to regulate depositories of funds authorised in Hong Kong.

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Global Trade Review
HSBC reveals its first money laundering detection system for trade finance

HSBC has revealed a new anti-money laundering (AML) surveillance system and automated sanctions checking tool for its global trade and receivables finance (GTRF) business.

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THE WALL STREET JOURNAL
U.K. Regulator Opens Investigation Into Thomas Cook Audits

The U.K. Financial Reporting Council on Tuesday opened an investigation into Ernst & Young LLP’s audits of financial statements of Thomas Cook Group PLC, the British travel company that collapsed on Sept. 23 after rescue talks broke down.

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finews.asia
Hong Kong Watchdog Proposes Custodian Supervision

Who watches the watcher, the Securities and Futures Commission muses in a recent proposal to expand its oversight and supervise depositaries of funds authorized in Hong Kong.

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FX STREET
The Japan’s Financial Services Agency (FSA) have issued initial guidelines for funds wanting to invest in cryptocurrencies

The crypto industry in Japan is much more friendly and well accepted in comparison to other developed nations. Now the Japanese regulators have taken it one step further and they are looking to regulate funds.

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FINANCIAL TIMES
UK financial watchdog FCA widens checks on property funds

The UK’s financial regulator has increased its checks on property funds as it steps up its no-deal Brexit contingency planning amid fears of another liquidity crunch in the sector.

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InvestmentNews
SEC reaches nearly $10 million settlement with 17 additional firms in share-class crackdown

Another 17 investment advisory firms have agreed to return nearly $10 million to investors in the latest round of settlements in the Securities and Exchange Commission's crackdown on inadequate disclosure of mutual fund fees, the agency announced Monday.

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Bloomberg
Crypto ETF Advocates Face SEC Resistance Despite Strategic Shift

After years of delays and false signs of progress, asset managers looking to start the first cryptocurrency exchange-traded fund are heading back to the drawing board.

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THE WALL STREET JOURNAL
‘Why Were They Surprised?’ Repo Market Turmoil Tests New York Fed Chief

John Williams, a Ph.D. economist and Federal Reserve lifer, made his mark inside the central bank with his deep knowledge of interest-rate theory and a solid record as a policy maker and communicator.

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XINHUANET
Japan's Kansai Electric admits nuclear executives' bribery case

Japan's Kansai Electric Power Co. admitted on Wednesday the money scandal of two nuclear executives receiving more than 100 million yen (929,000 U.S. dollars) respectively as gifts from a former official of a town hosting one of its nuclear plants.

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CryptoNews
Four Japanese Banks Including the Seven Bank, Joins MoneyTap

Financial giant SBI has published in their report that four major Japanese banks have invested in its cashless mobile-payment application, MoneyTap. Money tap is powered by Ripple which uses the Ripple xCurrent solution, built on distributed ledger technology.

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euronews.
EU to consider new supervisor in fight on money laundering

Banking scandals and growing crypto currency use have prompted European Union finance ministers to consider setting up a bloc-wide supervisor on money laundering at a meeting next week.

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REUTERS
Trump threats complicate negotiations for whistleblower to testify to Congress

U.S. President Donald Trump’s public attacks on the unidentified whistleblower at the center of a Democratic-led impeachment inquiry are complicating negotiations for the person to testify to Congress, according to three people familiar with the matter.

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The New York Times
The Corruption Before Trump

How high-minded self-dealing paved the way for our low-minded president.

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Forbes
President Trump Just Showed Us What's Wrong With A Federal Whistleblowing Law

President Donald Trump’s norm-breaking behavior in office has revealed some previously unrecognized weaknesses in federal laws about everything from emoluments to emergency spending.

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FINANCIAL TIMES
Indonesia takes a wrong turn in crusade against corruption

Indonesia’s National Parliament passed a law on September 17 that will greatly undermine the capacity of the country’s Corruption Eradication Commission (KPK).

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