Market Infrastructure

BOJ Issues Consultation on Use of Synthetic JPY LIBOR

05/10/2021

Input is sought on the special circumstances in loan and bond contracts that would make transition difficult and the specific details of such circumstances.

ESG / Sustainability

HSBC, Temasek to Establish Platform to Fund Sustainable Infrastructure

04/10/2021

HSBC and Temasek, with support from ADB and Clifford Capital Holdings, will dispense over $1bn in loans through the platform within 5 years.

Market Infrastructure

ISDA Implements New Definitions for Interest Rate Derivatives

04/10/2021

LCH says the new definitional booklet reinforces standardisation, drives messaging fidelity and efficiency, and accommodates flexibility in markets.

Enforcement

New Zealand: Class Action Filed Against ANZ, ASB

04/10/2021

The class action reportedly involves interest and fees ANZ and ASB were not entitled to charge due to breaches of their disclosure obligations.

Securities / Derivatives

Taiwan FSC Not Considering Introducing SPAC Listings

03/10/2021

The practice of allowing companies to go public without any actual business or revenue is in conflict with practices in Taiwan, said the FSC’s Kuo Chia-chun.

Cambodia Central Bank Introduces Overnight Lending Facility

03/10/2021

The industry has welcomed the MLF as a measure that will allow FIs to support their operations, protect the financial sector, and continue lending.

Customers Not Informed in Premium Financing Arrangements

03/10/2021

The HKMA and IA found in joint inspections that customers may not be sufficiently informed about the potential impact of premium financing arrangements.

Capital / Liquidity

RBI Removes Indian Overseas Bank From PCA Framework

03/10/2021

The RBI said Indian Overseas Bank is no longer in breach of the PCA parameters. Only Central Bank of India remains under the PCA framework.

AML / KYC

PBOC Directs Banks to Offer ‘Simple’ Account Opening

03/10/2021

Banks are asked to relax documentary requirements and provide simple personal account opening services, making use of external data to verify customer identities.