Data Privacy

PBOC to Enhance Data Protection Rules in Credit Reporting Industry

14/01/2021

The PBOC is looking to address inadequate protection of customer data in the credit reporting industry, explicitly prohibiting the abuse of personal and corporate credit information.

Structural Regulation

LIBOR Transition Must be Complete by Year-End, UK Regulators Warn

14/01/2021

From end-March 2021, GBP LIBOR should no longer be used in any new loans, bonds, securitisations and linear derivatives that mature after end-2021.

Market Abuse

Taiwan Central Bank Probes for Suspected Currency Speculation

14/01/2021

The Taiwan dollar is up 1.4% against the US dollar this year, raising concerns from the government that Taiwan could be labelled a manipulator by the US.

Data Privacy

RBI to Explore New Regulatory Approach to Digital Lenders

14/01/2021

A new working group has been formed to study the risks of digital lending activities and recommend regulatory changes to enhance consumer protection and data security.

Trading & Investment

UPDATED – Tokyo Bourse Sets Launch Date for CONNEQTOR Platform

14/01/2021

The platform has been in development as part of efforts to improve the liquidity of ETFs and improve convenience for institutional investors.

PEPs & Sanctions

State Street to Resume Buying Sanctioned Stocks for Tracker Fund

14/01/2021

Two days after State Street said it would not be able to buy shares in US-sanctioned stocks, the company has said it will resume these investments to continue tracking the Hang Seng Index.

Trading & Investment

China Enhances Market Maker Rules for Interbank FX Market

13/01/2021

SAFE has lowered the entry threshold for firms looking to participate in market making in the interbank foreign exchange market.

Anti-Money Laundering

PBOC Tripled AML Penalties in 2020 Compared to 2019

13/01/2021

Failures to perform customer identification and to report lar-value and suspicious transactions were the most frequent reason for the penalties.

Credit Risk

China to Allow Banks to Dispose of Non-performing Personal Loans

13/01/2021

Banks have reportedly been asked to prepare for a trial programme that will see China’s bad debt managers buy up soured personal loans.