Market Infrastructure

ESMA Recognises Indonesia’s IDClear as Third Country CCP

29/10/2023

The recognition will make it easier and more cost-effective for European counterparties to access Indonesia’s derivatives market.

Japan FSA Directs Banks to Further Improve Internal Audit Function

29/10/2023

The sophistication of internal audits differs across banks, largely due to the degree of involvement by management, the FSA says.

ESG / Sustainability

China Issues Rules for Relaunch of Voluntary Carbon Market

29/10/2023

The relaunch of the CCER scheme will provide a voluntary mechanism for participants in the national carbon market to offset emissions.

ESG / Sustainability

Global CEOs Calls for More Government Action on Climate

28/10/2023

The Alliance of CEO Climate Leaders calls for streamlined regulatory processes and globally harmonised climate disclosure and measuring standards.

US Regulator to Lower Fees on Debit Card Transactions

28/10/2023

The Fed proposed to lower the cap on fees banks can charge merchants for processing debit card transactions.

Securities / Derivatives

Country Garden Declared in Default on Offshore Bonds

28/10/2023

Country Garden is expected to move towards a restructuring that is expected to have a worse impact than Evergrande’s 2021 failure.

China Unveils Plans to Tackle Local Govt Debt Risks

27/10/2023

China will issue CNY 1 trillion of government bonds and allow local governments to front load part of their 2024 bond quotas.

AML / KYC

Taiwan FSC Issues New Digital Identity Verification Guidelines

27/10/2023

The guidelines will make it easier for financial institutions to implement new identity verification mechanisms and scenarios.

AML / KYC

BAFT Updates Guidelines on Correspondent Banking Relationships

27/10/2023

The guidelines include new sections on ISO 20022 migration and special considerations for money services businesses and fintechs.