China: Banks Directed to Boost Movable Asset-Based Financing

04/10/2022

New regulatory guidance calls on banks to offer businesses movable property- and rights-based financing, and to expand the types of collateral they accept for loans.

Fintech / Regtech

ISDA Nears Completion of Work to Digitise CFTC Reporting Rules

04/10/2022

ISDA working groups are transforming CFTC swap data reporting rules into machine-executable code ahead of implementation on 5 December.

AML / KYC

Australian Regulators Propose Measures to Address De-Banking

04/10/2022

A CFR policy paper provides four recommendations to address de‑banking of fintechs, crypto exchanges and remittance firms.

Crypto / Digital Assets

US SEC Fines Celebrity Kim Kardashian for Promoting Crypto

04/10/2022

Kardashian failed to disclose the compensation she received to promote EMAX tokens on Instagram. The case is a warning to other celebrities and influencers.

Market Infrastructure

ESMA Recognises Shanghai Clearing House as Third-country CCP

04/10/2022

The recognition follows the adoption of a decision on the equivalence of China’s regulatory framework for CCPs with EMIR requirements in June.

Market Infrastructure

MAS Issues Guidance for Feeder ETFs Participating in Shenzhen Link

04/10/2022

Through the SZSE-SGX ETF Link, a Singapore-constituted feeder ETF can invest up to 100 percent of its NAV into an SZSE-listed master ETF.

AML / KYC

The Sentry Calls for Action to Stop Kleptocracy Enablers

04/10/2022

New report offers recommendations to target bankers, lawyers, and accountants who provide advice and support to violent kleptocracies and corrupt networks.

Market Infrastructure

Indonesia Publishes New Guidelines for Using IndONIA

04/10/2022

The guide covers the use of IndONIA in business credit, consumer credit, trade finance, and derivative products, as well as rupiah FRNs.

China Cuts Mortgage Rates for First-time Home Buyers

04/10/2022

Local governments will be allowed to relax interest rate floors for first-home buyers. Tax refunds are available for those selling their home to buy a new one.