Singapore Launches New Family Office Network, GFO Circle

27/10/2021

The GFO Circle is a “one-of-a-kind” public-private partnership to bring the family office industry together, said MAS executive director Ms Thong Leng Yeng.

HK to Maintain Covid Restrictions Despite Plea from FIs – Report

27/10/2021

A government spokesperson reportedly said the city continue to strive to reach ‘zero infection’ and the top priority remains reopening travel to the mainland.

Capital / Liquidity

International Standard Setters Launch Review into Margin Practices

26/10/2021

While centrally cleared and non-centrally cleared markets faced similar levels of volatility in March and April 2020, IM requirements increased significantly only for centrally cleared derivatives.

Securities / Derivatives

Taiwan to Relax Share Issuance Rules for Listed Companies

26/10/2021

The changes would allow listed companies to file an application covering multiple issuances of new shares within a two-year period.

China to Use Property Tax to Curb Real Estate Speculation

26/10/2021

The introduction of a property tax is aimed at facilitating the steady and sound development of the property market, curbing speculation, and redistributing wealth.

Market Infrastructure

US SEC Publishes Findings from Meme Stock Review

26/10/2021

SEC staff concluded that US markets functioned well and dislocations caused by short-selling were not the main cause of the extreme volatility in GameStop.

AML / KYC

PBOC Issues Guidance on Risk-based Account Opening

26/10/2021

Banks are required to establish a classification and hierarchical management system for SME bank accounts by the end of the year to ensure proper risk control.

ESG / Sustainability

BIS Innovation Hub Announces Winners of 2nd G20 TechSprint

25/10/2021

The BIS Innovation Hub Hong Kong centre will soon publish reports on work to explore green bond tokenisation and real-time tracking of environmental outputs.

Big Picture

US, EU Policy Normalisation Presents Risks for Asia: BIS

25/10/2021

While Asian emerging markets are better placed to withstand tightening global financial conditions, there are lingering causes for concern, says Agustín Carstens.