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.

Reporting & Disclosures

SEBI Approves Listing Rule Changes, New ESG Reporting Requirements

02/04/2021

The new reporting requirements set the stage for taking a leap for better disclosures in the ESG space in India, SEBI said.

Structural Regulation

CSRC to Explore Creation of Domestic Exchange for Overseas Firms

02/04/2021

Talks for the new exchange are reportedly in early stages. A time frame and location have not yet been decided.

Payments & Settlements

HKMA, BOJ Launch Cross-border DvP Link for JGBs

02/04/2021

The link supports DvP settlement of the HKD sale and repo transactions using JGB as collateral, eliminating settlement risk on such transactions.

Operational Risk

APRA Raises Macquarie’s Capital, Liquidity Requirements

02/04/2021

Macquarie is said to have incorrectly treated specific intra-group funding arrangements for the purposes of calculating capital and related entity exposure metrics.

Structural Regulation

ASX Finalises, Defers Listing Rule Changes to June

01/04/2021

The listing rule changes deal with online forms, notification of security issues and corporate action timetables.