Structural Regulation

Korea Lowers Max Lending Rate, Introduces New Rules for Lenders

06/04/2021

The FSC will introduce new monetary sanctions and strengthen supervision on loan agreements to prevent predatory lending.

Emerging Prudential Risks

Korea Finalises Supervisory Framework for Financial Conglomerates

05/04/2021

Effective from 30 June, the framework for the supervision of non-holding financial groups will help enhance the management of group-wide risks.

Credit Risk

New Zealand Ends Loan Repayment Deferral Scheme

05/04/2021

Banks are continuing to work with borrowers who still need help to get back on track, says NZBA chief executive Roger Beaumont.

Trading & Investment

FCA, BOE Urge Switch to SONIA in GBP Non-linear Derivatives

05/04/2021

The FCA and BOE have asked liquidity providers and interdealer brokers to adopt SONIA in quoting conventions for GBP non-linear derivatives from 11 May.

Trading & Investment

ASIC Bans Sale of Binary Options to Retail Clients

05/04/2021

The binary options ban will take effect from 3 May. A separate order imposing conditions on the issue and distribution of CFDs to retail clients has taken effect on 29 March.

Resolution & Recovery

No Material Negative Side Effects to TBTF Reforms: FSB

03/04/2021

Indicators of systemic risk and moral hazard moved in the right direction, suggesting that market participants view these reforms as credible, the FSB says.

KYC & CDD

China Issues Draft Rules on Beneficial Ownership Identification

03/04/2021

FIs will be required to verify the identities of all ultimate beneficial owners of accounts opened and maintained for all customers.

Clearing & Post-Trade

ISDA, CCDC Outline Barriers to Using RMB Bonds as IM Collateral

03/04/2021

China has to address questions around close-out netting enforceability, which restrict the use of Chinese government bonds as IM in global derivatives markets.

Alternative Markets

PSE Proposes to Exempt AIFs from Lock-up Rules

02/04/2021

Currently, alternative investment funds that acquired shares 180 days before an IPO are subject to a 365-day lock-up period.