Structural Regulation

130 Nations Endorse Global Minimum Corporate Tax Rate

01/07/2021

The global minimum corporate income tax is estimated to generate around $150bn in additional global tax revenues annually.

Reporting & Disclosures

Consortium Proposes to Create Impact Reporting Rules for Banks

01/07/2021

Harvard Business School, Impact Institute, ABN AMRO, Danske Bank, DBS and UBS aim to create new social and environmental impact reporting rules for banks.

Custody & Infrastructure

New Registry for Digital Token Identifiers Goes Live

01/07/2021

The launch of the new registry comes ahead of the scheduled publishing of the ISO standard in Q3 2021, to meet urgent industry and regulatory needs.

Capital Adequacy

BCBS Finalises Technical Amendments on SFT Haircuts

01/07/2021

The amendments were published for consultation in January 2021 and have been finalised as originally proposed.

Structural Regulation

HKMA Issues SPM on Supervision of Banks’ Insurance Business

01/07/2021

The HKMA’s enforcement standards with respect to insurance intermediary business of banks mirror those adopted by the IA.

Credit Risk

BOK to Continue Bond Market Support, Scale Back Monetary Measures

01/07/2021

The BOK is concerned that growing financial risks, household debt, and higher inflation could spark a new crisis.

Cryptocurrency

ASIC Proposes New Guidance for Crypto-asset ETPs

01/07/2021

In ASIC’s view, only bitcoin and ether are likely to satisfy proposed criteria for determining whether a crypto-asset is appropriate as an ETP’s underlying asset.

Market Data & Technology

SGX, Platts Partner to Provide Commodities Data, Content

01/07/2021

Titan OTC participants can access Platts’ data on commodities including iron ore, coking coal, steel, aluminum, copper, freight and battery metals.

Supervision & Enforcement

FINRA Orders Record Financial Penalties Against Robinhood

01/07/2021

Robinhood has been ordered to pay $70mn for systemic supervisory failures and significant harm suffered by millions of customers.