Market Infrastructure

SBTi to Define Net Zero Standard for Financial Institutions

16/11/2021

SBTi identifies three approaches to net-zero definitions for FIs. It plans to define a standard for FIs to use in target-setting and performance-tracking.

Capital / Liquidity

BCBS Consults on Principles for Banks’ Management of Climate Risks

16/11/2021

The principles offer guidance for banks on corporate governance, internal control frameworks, risk management, risk reporting, and scenario analysis, among other areas.

Securities / Derivatives

IOSCO to Update Regulatory Principles for Commodity Derivatives

16/11/2021

IOSCO says market authorities should establish a code of conduct for data providers, have a process to respond to unexpected disruptions, and analyse HFT and algo trading impacts.

Enforcement

FSS Korea Fines Naver Financial for Data Security Failures

16/11/2021

The FSS fined Naver Financial and issued warnings against three executives for exposing its office intranet to external risks.

Market Infrastructure

BSP Pursues Cross Border Payment Links with Malaysia, Thailand

16/11/2021

The BSP has been in dialogue with ASEAN central banks including MAS, BNM and BOT to make cross-border payment flows cheaper and more seamless.

Enforcement

Korea FSS Punishes 3 Brokerages Over Lime Asset Mis-selling

16/11/2021

Shinhan Investment and KB Securities were ordered to suspend parts of their operations for six months. Daishin Securities was ordered to close a branch.

Securities / Derivatives

Taiwan Formally Designates FSC as Crypto Industry Supervisor

16/11/2021

Cryptocurrency businesses will be listed under the category of “finance, insurance and real estate” and STOs will be listed under the securities firms subcategory.

Securities / Derivatives

Australia Finalises Rules on Super Fund Portfolio Disclosures

15/11/2021

Morningstar has expressed concern that the rules do not require super funds to disclose specific stocks or bonds held in portfolios run by external asset managers.

Securities / Derivatives

Chinese Power Companies Issue First ‘Energy Guarantee Bonds’

15/11/2021

Industrial Bank underwrote two ‘energy guarantee bonds’ worth a total CNY 4 billion, the proceeds of which will be used to help address power shortages.