Securities / Derivatives

KRX to Launch Trade Compression Services This Year

15/06/2021

KRX has amended its OTC derivatives clearing and settlement rules to provide the legal basis for the introduction of trade compression services.

Securities / Derivatives

CSRC Approves Launch of Daiwa Securities Joint Venture

15/06/2021

Daiwa Securities (China) Co will be able to provide brokerage and securities underwriting services. Operations will commence soon.

Market Infrastructure

Credit Risk, Shadow Banking Present Ongoing Concerns: CBIRC

15/06/2021

CBIRC chairman Guo Shuqing has highlighted credit risk, shadow banking, illegal fundraising, and derivatives trading as key sources of financial system risk.

ESG / Sustainability

SGX Leverages Nikkei Partnership to Launch ESG REIT Derivatives

14/06/2021

The new futures contract aims to meet rising demand for integrating ESG considerations into investment portfolios, SGX said.

AML / KYC

AUSTRAC Seeks Input to Develop New Reporting Systems

14/06/2021

Input is sought as part of a discovery phase of a four-year systems transformation programme to replace ‘AUSTRAC Online’.

Market Infrastructure

Shenzhen to Further Open to Foreign Financial Institutions

14/06/2021

Shenzhen’s five-year plan calls for the establishment of foreign-controlled securities firms, investment funds, futures companies and insurers in the city.

Enforcement

Japan FSA Orders Suspension of SBI Social Lending Unit

14/06/2021

SBI Social Lending Co solicited funds from investors with false or misleading information in lending agreements.

AML / KYC

UOB Pilots Digital Signing Capability via SingPass

14/06/2021

UOB is testing the use of GovTech’s ‘Sign with Singpass’ to allow a set of retail and corporate customers to confirm transactions and product applications.

Market Infrastructure

ISDA Consults on Fallbacks for GBP & USD LIBOR ICE Swap Rates

14/06/2021

Current fallbacks are not expected to be able to function effectively upon a permanent cessation of the GBP and USD LIBOR ICE Swap Rates.