Securities / Derivatives

Korea to Improve Foreign Access to Domestic Currency Market

17/12/2021

The move is aimed at helping Korea win inclusion in the MSCI developed markets index. Currently, there is no offshore currency market for the won.

AML / KYC

SFC Fines Mason Securities for AML Breaches

17/12/2021

In deciding the disciplinary sanction, the SFC took into account the “extensive period of time” over which the failures occurred.

Securities / Derivatives

SEBI Proposes ‘One Commodity, One Exchange’ Policy

17/12/2021

The proposed policy will help exchanges develop an exclusive set of un-fragmented liquid contracts for a specific agricultural commodity over 3-5 years.

AML / KYC

US Treasury Imposes Sanctions on Eight Chinese Tech Firms

17/12/2021

Trade restrictions have also been imposed on 34 entities for alleged human rights violations and technology use that ‘undermines US national security’.

Big Picture

NBFI Vulnerabilities “Broadly Stable” Year-to-year: FSB

17/12/2021

Largely unchanged measures of credit intermediation, maturity and liquidity transformation, and leverage highlight the rapid response and impact of official sector intervention.

ESG / Sustainability

NGFS Issues Guidance for Central Banks on Climate Disclosure

17/12/2021

The ‘how-to’ guide allows central banks to take their own specificities into account and to flexibly decide on the scope and depth of their disclosure, the NGFS said.

Securities / Derivatives

Korea Defers Consolidated Accounting Control Rule to 2023

17/12/2021

The pandemic situation has posed challenges for listed companies in setting up their consolidated internal accounting management systems, the FSC said.

Securities / Derivatives

APRA Publishes Latest Data on Super Fund Underperformance

17/12/2021

About 60% of choice products and 45% of MySuper products delivered returns below benchmarks. APRA will further intensify its supervision on trustees delivering sub-standard member outcomes.

Market Infrastructure

HKMA, SFC Consult on Calculation Periods for OTC Derivatives Clearing

16/12/2021

The existing list of calculation periods will be exhausted in about one year’s time. The HKMA and SFC propose to add eight similar calculation periods to the clearing rules.