Emerging Prudential Risks

FSB Reports Progress to G20 on Financial System Resilience

02/11/2021

The FSB emphasises a need to ensure that regulatory frameworks allow for the financial sector to harness the benefits of innovation while containing the related risks.

Structural Regulation

CSRC Publishes Final Rules for Beijing Stock Exchange

02/11/2021

The final rules for a new stock exchange in Beijing dedicated to SMEs will take effect on 15 November, which could also be the day the exchange launches.

Structural Regulation

Transition Away From JPY LIBOR Making ‘Great Progress’

02/11/2021

More than 85% of loans and over 99% of derivatives that reference JPY LIBOR and mature after 2021 already incorporate fallback provisions.

Climate Risk

G20 Approves Global Tax Deal, Commits to Climate Goals

02/11/2021

International tax reforms were approved by all the G20 leaders ahead of the COP26 summit on climate change in Glasgow which began on Monday.

Trading & Investment

Bursa Malaysia, ZCE Sign MOU on Derivatives Market Development

01/11/2021

Bursa Malaysia Derivatives and Zhengzhou Commodity Exchange will collaborate on information exchange, product research, and training and educational events.

Market Data & Technology

SGX Secures Deal to Distribute Market Data to Mainland Investors

01/11/2021

Shanghai Stock Exchange subsidiary CIIS is distributing SGX prices and data on listed companies, S-REITs and property trusts to mainland investors.

Fraud, Scams & Cybercrime

CBA Pleads Guilty to Mis-Selling Consumer Credit Insurance

01/11/2021

Deputy chair Sarah Court said ASIC pursued a criminal case against CBA after it was clear customers had been sold insurance that they had no use for.

Credit Risk

Korea Creates Taskforce to Oversee Household Debt Management

01/11/2021

The taskforce will explore additional measures to manage household debt-related risks and promote more responsible lending practices.

Payments & Settlements

New Zealand Introduces Bill on Retail Payments Regulation

01/11/2021

The regime will cap interchange fees on designated payment networks, starting with Mastercard and Visa’s credit and debit card networks.