Capital / Liquidity

Initial Margin Breaches Surged in March at JSCC JGB Division

20/06/2023

The JSCC reportedly attributed the rise in breaches to interest rate volatility triggered by banking turmoil in the US in March.

Capital / Liquidity

BOE to Include Hedge Funds, Pension Funds in Scenario Exercises

20/06/2023

The system-wide exploratory scenario will encompasses hedge funds and pension funds alongside large banks, insurers, and CCPs for the first time.

ESG / Sustainability

IFRS Foundation Opens New ISSB Office in Beijing

20/06/2023

Beijing Vice Mayor Linmao Xia said the government will actively support the promotion and application of the IFRS Sustainability Disclosure Standards in China.

Securities / Derivatives

Malaysia Announces Measures to Boost Capital Market Vibrancy

20/06/2023

The stamp duty rate payable on stock trades is being reduced by a third to lower the cost of transactions, especially for retail investors.

AML / KYC

SEBI Amends AML Guidelines for Securities Market Intermediaries

20/06/2023

The guidelines tighten the definition of beneficial ownership and require risk assessments before launching new products and services.

Enforcement

SFC Fines Taiping Securities Employee Dealing Control Failures

19/06/2023

Responsible officer had 293 transactions that exceeded the trading limit prescribed for his personal account.

Fintech / Regtech

BOT Publishes New Consultation Paper on Virtual Bank Licensing Framework

19/06/2023

The consultation paper clarifies expectations for virtual banks to stimulate healthy competition and elaborates on the key qualifications of applicants.

Capital / Liquidity

Henan Bank Fraud: PBOC to Refund Customers With Deposit Insurance

19/06/2023

The PBOC has agreed to mobilise over CNY 10 billion from the national deposit insurance fund to repay customers who were defrauded by four rural banks.

Crypto / Digital Assets

BIS Innovation Hub Concludes Joint CBDC Experiment With BOE

19/06/2023

Project Rosalind explored how a universal and extensible API layer could connect central bank and private sector infrastructures and facilitate retail CBDC payments.