Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Capital / Liquidity
PBOC, CBIRC Establish Final TLAC Rules for Chinese G-SIBs
02/11/2021
China’s G-SIBs must have total loss-absorbing capacity amounting to at least 16% of RWA and a leverage ratio of 6% by 1 January 2025.
Enforcement
SFC Fines Fulbright Securities Over Internal Control Failures
02/11/2021
Fulbright Securities breached regulatory requirements when processing placement subscription applications for a Hong Kong-listed company in August 2018.
Securities / Derivatives
SGX Announces Strategic Investment in Trading Technologies Int’l
02/11/2021
SGX is buying a stake in a provider of professional trading software, infrastructure and data solutions for listed futures and options.
ABA Rolls Out New Guidance on Providing Hardship Assistance
02/11/2021
Some banks, such as Westpac, have already begun to implement practices within the guideline. Others will roll out the practices over the next 12 months.
Big Picture
FSB Reports Progress to G20 on Financial System Resilience
02/11/2021
The FSB emphasises a need to ensure that regulatory frameworks allow for the financial sector to harness the benefits of innovation while containing the related risks.
Securities / Derivatives
CSRC Publishes Final Rules for Beijing Stock Exchange
02/11/2021
The final rules for a new stock exchange in Beijing dedicated to SMEs will take effect on 15 November, which could also be the day the exchange launches.
Market Infrastructure
Transition Away From JPY LIBOR Making ‘Great Progress’
02/11/2021
More than 85% of loans and over 99% of derivatives that reference JPY LIBOR and mature after 2021 already incorporate fallback provisions.
Market Infrastructure
G20 Approves Global Tax Deal, Commits to Climate Goals
02/11/2021
International tax reforms were approved by all the G20 leaders ahead of the COP26 summit on climate change in Glasgow which began on Monday.
Securities / Derivatives
Bursa Malaysia, ZCE Sign MOU on Derivatives Market Development
01/11/2021
Bursa Malaysia Derivatives and Zhengzhou Commodity Exchange will collaborate on information exchange, product research, and training and educational events.
Securities / Derivatives
SGX Secures Deal to Distribute Market Data to Mainland Investors
01/11/2021
Shanghai Stock Exchange subsidiary CIIS is distributing SGX prices and data on listed companies, S-REITs and property trusts to mainland investors.
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