ESG / Sustainability

EBA Seeks Input from Banks on ESG Risk Disclosure Practices

23/09/2020

The survey will support the EBA’s policy work on Pillar 3 disclosure and its wider efforts to develop a robust policy framework in the area of sustainable finance.

APRA Offers Guidance on Handling of Deferred Loans

23/09/2020

Banks should immediately inform APRA and ASIC if they experience issues collecting on loans with repayment deferrals.

Securities / Derivatives

SEBI Issues Risk Management Rules for Negative Commodity Prices

23/09/2020

Clearing corporations are directed to ensure their systems are ready to implement the alternate risk management framework by 21 November.

Securities / Derivatives

Thailand to Lift Short-selling Restrictions Next Week

23/09/2020

As market volatility has returned to normal levels, SET and TFEX will return to its normal short selling rules and its normal ceiling and floor limits.

Enforcement

China Market Supervisor Issues Fines Against Luckin Coffee

22/09/2020

Luckin was able to falsely inflate revenue, costs and profits last year with the help of 43 third-party companies, which have also been fined.

Enforcement

ASIC Directs Fund Managers to Correct Product Mislabelling

22/09/2020

ASIC has identified 14 funds using the term ‘cash’ in their names in a confusing and inappropriate way, and 3 others with a significant liquidity mismatch.

Big Picture

A New Zero Tolerance Era for ESG Reporting

22/09/2020

As nations across the globe come to terms with understanding and tackling climate change, mandatory reporting of such risks across capital markets could well become the norm.

Enforcement

SFC Suspends Former Licensed Rep for Over Discretionary Trading

22/09/2020

The former Ewarton Securities representative placed his own orders within 30 seconds ahead of those placed for the client’s account.

Market Infrastructure

PBOC Issues New Measures on Financial Consumer Protection

22/09/2020

From 1 November, banks and payment institutions that try to restrict consumers from choosing financial products and services offered by other institutions can be penalised.