Climate Risk

Malaysian FIs to Start Applying Climate Risk Taxonomy

02/03/2021

Financial institutions will begin capturing exposures based on the Climate Change and Principles-Based Taxonomy over the course of 2021.

Clearing & Post-Trade

FSB Urges Indonesia to Further Advance OTC Derivatives Reforms

02/03/2021

Indonesia needs to address legal uncertainties relating to netting for derivatives transactions in bankruptcy to facilitate central clearing and margin requirements.

Resolution & Recovery

CBIRC Issues Draft Rules on Recovery and Resolution Plans

02/03/2021

Deposit-taking institutions, asset managers and financial leasing companies with CNY 300 billion in total assets have to formulate recovery and resolution plans.

Anti-Bribery & Corruption

China Renews Anti-corruption Drive with Global Crackdown

02/03/2021

Several government departments including the PBOC will work together to track down corrupt Chinese fugitives and recover ill-gotten gains.

Reporting & Disclosures

SEBI to Issue ESG Disclosure Guidelines for Listed Companies

02/03/2021

Chairman Ajay Tyagi said SEBI will issue new guidelines “soon”, with a view to achieving greater transparency and accountability from listed companies on ESG.

Fraud, Scams & Cybercrime

Huawei Launches Hong Kong Court Proceedings Against HSBC

02/03/2021

Huawei is seeking internal HSBC documents it says will help it defend against its CFO Meng Wanzhou’s extradiction to the US to face bank and wire fraud charges.

Climate Risk

BOJ, FSA to Analysis Climate Impacts on Banks This Year

02/03/2021

The BOJ will reportedly work with the FSA to analyse the impact of climate risks on banks in this year’s examinations.

Operational Risk

FSA to Seek Report from Mizuho Over ATM Network Shutdown

02/03/2021

A system glitch caused the shutdown of over half of Mizuho’s ATMs on Sunday, with internet banking transactions also partially halted.

Trading & Investment

Australian Senator Seeks to End Short Selling by Super Funds

01/03/2021

Senator Gerard Rennick says short selling practices are an example of how superannuation funds aren’t protecting the interests of their members.