Enforcement

CFTC Penalises Interactive Brokers Over Negative Oil Prices

02/10/2021

Interactive Brokers was penalised for not adequately preparing for and configuring its electronic trading system to recognise negative prices on 20 April 2020.

CBIRC to Adopt New Filing System for Insurance Funds

02/10/2021

The new record-filing system will boost the efficiency of product issuance, allowing registration results to be issued within five working days.

Market Infrastructure

SEBI Approves Proposals for Gold Exchange, Social Stock Exchange

01/10/2021

SEBI will allow trading in electronic gold receipts. A social stock exchange will be created. Regulations on related party transactions have been strengthened.

Market Infrastructure

HKMA Further Expands Eligible Collateral for RMB Facility

01/10/2021

Eligible collateral will include RMB, USD and EUR debt securities issued offshore by local governments at various levels in Mainland China.

AML / KYC

AFP Wins First Asset Confiscation Case Under Operation Ironside

01/10/2021

A$6mn in cash obtained as a result of the forfeiture order will be redistributed to support crime prevention, law enforcement and related community initiatives.

Market Infrastructure

China: Alibaba Apps Include WeChat Pay as Payment Option

01/10/2021

The move comes after regulators ordered internet platforms to stop anti-competitive and monopolistic behaviour on their online platforms.

Market Infrastructure

FSB Launches New Financial Stability Surveillance Framework

30/09/2021

The new framework will further enhance the FSB’s ability to identify and address financial system vulnerabilities in a proactive manner.

Big Picture

BIS Turns Attention to Practical Issues of Retail CBDC

30/09/2021

The BIS and seven central banks have published three new reports exploring practical policy and implementation issues of general purpose CBDCs.

Market Infrastructure

PBOC Directs Banks to Support Housing Market

30/09/2021

Banks are asked to refrain from cutting off funding to developers, continue supporting projects under construction, and approve mortgages for homebuyers.