Market Infrastructure

HKMA Expands List of Eligible Collateral for RMB Facility

21/11/2020

Eligible collateral will include RMB, USD and EUR debt securities issued offshore by China’s central bank, Ministry of Finance or policy banks.

Securities / Derivatives

NAFMII Issues New Rules for Interbank Bond Market

20/11/2020

The rules prohibit issuers from directly subscribing to their own bonds in the interbank market or buying them indirectly through affiliates or asset management products.

Capital / Liquidity

APRA Halves CBA Operational Risk Capital Add-on

20/11/2020

CBA has made “significant progress” in areas such as risk management and compliance, remuneration and risk culture, APRA says.

Securities / Derivatives

FSC Korea to Enable Greater Retail Participation in IPOs

20/11/2020

From next month, the retail allocation of IPOs shares will increase from 20% to 30%, and a fairer approach to allocations will be adopted.

AML / KYC

JP Morgan Becomes Global LEI System’s First Validation Agent

19/11/2020

JP Morgan issued the first LEI under the new Validation Agent model with LEI issuer, Business Entity Data, a wholly-owned subsidiary of DTCC.

ESG / Sustainability

KRX Launches Index Tracking Carbon Efficiency of Listed Companies

19/11/2020

The index assigns weightings based on carbon-to-revenue footprints calculated using information in sustainability reports, annual reports, ESG reports, and other publicly disclosed sources.

Securities / Derivatives

AllianceBernstein Seeks CSRC Approval for China Mutual Fund Unit

19/11/2020

US fund manager AllianceBernstein’s Hong Kong unit has applied to set up a mutual fund unit in China.

Capital / Liquidity

HKMA Consults on Local Implementation of Final Basel III Reforms

19/11/2020

The consultation is open until 6 January 2021, ahead of industry engagement in 2021, legislative amendments in 2022, and a 1 January 2023 target implementation date.

Capital / Liquidity

Progress of G-SIBs Toward Resolvability Deemed Satisfactory: FSB

19/11/2020

Most G-SIBs are estimated to already meet the final 2022 minimum external TLAC requirement, and the market has so far absorbed issuance without difficulty.