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.

AML / KYC

HKMA, SFC Issue FAQ on ‘Offence Related Property’ Under NSL

25/10/2021

FIs “must” disclose to the JFIU property held by persons charged for offences under the National Security Law regardless of the portion of shareholdings.

Market Infrastructure

Global Fund Association Calls on SEBI to Delay T+1 Implementation

25/10/2021

To support T+1 settlement, FPIs and their service providers would need to completely re-engineer the settlement and funding process, ICI says in a letter to SEBI.

Enforcement

CFTC Pays Record-breaking $200m Whistleblower Award

24/10/2021

The award is the largest whistleblower payout on record, and for the first time includes an amount based on sanctions collected by a foreign regulator.

AML / KYC

Inconsistent AML Approaches Cause Cross-border Payment Frictions

23/10/2021

The FATF says inconsistent implementation of AML/CFT requirements increases cost, reduces speed, limits access and reduces transparency in cross-border payments.

Securities / Derivatives

US Fed to Bar Officials from Buying Individual Stocks, Bonds

23/10/2021

Fed policymakers and senior staff will be limited to purchasing diversified investment vehicles, such as mutual funds.