Big Picture

Global Debt Reached Record $226tr in 2020: IMF

20/12/2021

The debt surge has amplified vulnerabilities and constrained the ability of governments and the private sector to support the recovery.

Enforcement

Japan SESC Recommends Fine for Insider Trading on Crypto Hack

20/12/2021

An individual who learned about the July 2019 theft of cryptocurrency from BITPoint Japan sold shares in its parent before the hack was publicly disclosed.

Market Infrastructure

FSB Calls For Papers on NBFI Risks and Policy Remedies

20/12/2021

The papers will be used to advance the FSB’s understanding of systemic risks in NBFI and specific policy approaches that may be used to address them.

Securities / Derivatives

SEBI Grants Mutual Funds More Time to Comply with New Norms

20/12/2021

SEBI has issued new guidelines on the use of pool accounts by mutual funds and deferred implementation of new risk management and benchmarking norms.

ESG / Sustainability

Malaysia SC Seeks Feedback on Principles-based SRI Taxonomy

20/12/2021

The Sustainable and Responsible Investment taxonomy features environment, social and sustainability components, as well as guiding principles on transition finance.

Capital / Liquidity

RBNZ Updates Disclosure Requirements for Banks

20/12/2021

The updates align disclosures with the new RBNZ’s capital adequacy requirements, which will be phased in over seven years starting from July 2022.

Capital / Liquidity

RBI Issues Draft Rules for Banks on Operational Risk Capital

20/12/2021

The draft directions, aligned with the Basel III standards, are open for consultation until 31 January 2022 and expected to take effect on 1 April 2023.

AML / KYC

Taiwan Amends AML Rules to Prevent Risk in Overseas Remittances

19/12/2021

The amendments specify obligations to ensure policies, procedures and internal controls are in place to prevent risks associated with overseas remittances.

Securities / Derivatives

Malaysia Set to Lift Restrictions on Intraday Short Selling

19/12/2021

Intraday short selling will resume on 1 January 2022, with enhanced control measures including the automated application of the “at-tick rule”.