Market Infrastructure

Japan FSA Issues Business Improvement Order to Mizuho

24/09/2021

The order requires Mizuho to submit a report to the FSA by 29 October on its IT systems and detailed improvement plans.

Market Infrastructure

IBA Launches New RFR Indexes to Facilitate LIBOR Transition

24/09/2021

IBA has now launched RFR indexes for SOFR, SONIA, €STR and TONA, providing daily values that represent accrued compound interest.

Capital / Liquidity

China Expands Permitted Scope for Overseas Loans

24/09/2021

The draft rules seek to impose a cap on the total balance of offshore loans while also loosening restrictions on the types of lending banks can engage in.

Fintech / Regtech

Ant Group’s Huabei Starts Reporting Credit Data to PBOC Database

23/09/2021

The data-sharing arrangement is part of the rectification measures ordered by financial regulators to break Ant Group’s “information monopoly” over data collection.

Big Picture

Industry Group Considers Options for Protecting Data at FMIs

23/09/2021

There is no standard approach to identifying the types of data that need to be protected, nor the manner in which that data should be protected.

Capital / Liquidity

Industry Bodies Call for Less Stringent Treatment of Cryptoassets

23/09/2021

The prudential framework envisaged by the BCBS consultation would create “material impediments” to regulated bank participation in cryptoasset markets.

ESG / Sustainability

Bursa Malaysia Pledges to Become Carbon Neutral by 2022

23/09/2021

Eight initiatives have been identified to support Bursa Malaysia’s ambitions to become carbon neutral and achieve net zero emissions.

Enforcement

ASIC Warns of Social Media ‘Pump and Dump’ Campaigns

23/09/2021

ASIC calls on market participants and listed companies to be on the lookout for and report suspected ‘pump and dump’ activity in listed securities.

Capital / Liquidity

RBNZ Tightens Mortgage Lending Restrictions to Contain Risk

23/09/2021

The LVR restrictions are aimed at mitigating economic and financial stability risks associated with a potential future housing market correction.