Resolution & Recovery

PBOC, CBIRC Establish Final TLAC Rules for Chinese G-SIBs

02/11/2021

China’s G-SIBs must have total loss-absorbing capacity amounting to at least 16% of RWA and a leverage ratio of 6% by 1 January 2025.

Conduct, Culture & Accountability

SFC Fines Fulbright Securities Over Internal Control Failures

02/11/2021

Fulbright Securities breached regulatory requirements when processing placement subscription applications for a Hong Kong-listed company in August 2018.

Trading & Investment

SGX Announces Strategic Investment in Trading Technologies Int’l

02/11/2021

SGX is buying a stake in a provider of professional trading software, infrastructure and data solutions for listed futures and options.

Credit Risk

ABA Rolls Out New Guidance on Providing Hardship Assistance

02/11/2021

Some banks, such as Westpac, have already begun to implement practices within the guideline. Others will roll out the practices over the next 12 months.

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.