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.

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.