Capital / Liquidity

PBOC Caps Short-term Debt Financing by Securities Firms

01/08/2021

The outstanding balance of short-term financing instruments issued by securities companies shall not exceed 60 percent of net capital.

Securities / Derivatives

DBS, Temasek to Launch Debt Financing Platform, EvolutionX

01/08/2021

The new platform will help founder entrepreneurs avoid dilution of share equity in their companies’ initial stages of development.

CBIRC Grants Approval to Allianz Insurance Asset Management

01/08/2021

The approval will make Allianz China IMAC the first fully foreign-owned insurance asset management company on the Chinese mainland.

Capital / Liquidity

APRA to Formalise Regulatory Support for Covid Loans

01/08/2021

APRA intends to formalise regulatory support measures for banks offering Covid-19 loans through a temporary amendment to APS 220.

Securities / Derivatives

CSRC Grants Citigroup Approval to Launch Custody Business

01/08/2021

The licence allows Citi to provide custody services for fund products issued by fund firms or other asset managers in China.

Enforcement

China: Another Ex-Banking Regulator Under Corruption Probe

01/08/2021

Cai Esheng served as CBRC vice chairman for eight years. He was in charge of supervising non-bank financial institutions.

AML / KYC

AUSTRAC Consults on AML/CTF Rule Amendments

31/07/2021

The amendments allow FIs to carry out ACIP on a customer after an account is opened, provided the initial deposit is the only transaction made at opening.

Market Infrastructure

ARRC Formally Recommends CME Group SOFR Term Rates

31/07/2021

Forward-looking term rates are needed for syndicated and bilateral corporate loans, as well as in the CLO and leveraged loans markets.

Capital / Liquidity

Malaysia Establishes Policy on Recovery and Resolution Planning

31/07/2021

Financial institutions will be required to submit their first recovery plans within 18 months from the date they receive a request from BNM.