Market Infrastructure

Transition Away From JPY LIBOR Making ‘Great Progress’

02/11/2021

More than 85% of loans and over 99% of derivatives that reference JPY LIBOR and mature after 2021 already incorporate fallback provisions.

Market Infrastructure

G20 Approves Global Tax Deal, Commits to Climate Goals

02/11/2021

International tax reforms were approved by all the G20 leaders ahead of the COP26 summit on climate change in Glasgow which began on Monday.

Securities / Derivatives

Bursa Malaysia, ZCE Sign MOU on Derivatives Market Development

01/11/2021

Bursa Malaysia Derivatives and Zhengzhou Commodity Exchange will collaborate on information exchange, product research, and training and educational events.

Securities / Derivatives

SGX Secures Deal to Distribute Market Data to Mainland Investors

01/11/2021

Shanghai Stock Exchange subsidiary CIIS is distributing SGX prices and data on listed companies, S-REITs and property trusts to mainland investors.

Enforcement

CBA Pleads Guilty to Mis-Selling Consumer Credit Insurance

01/11/2021

Deputy chair Sarah Court said ASIC pursued a criminal case against CBA after it was clear customers had been sold insurance that they had no use for.

Korea Creates Taskforce to Oversee Household Debt Management

01/11/2021

The taskforce will explore additional measures to manage household debt-related risks and promote more responsible lending practices.

Market Infrastructure

New Zealand Introduces Bill on Retail Payments Regulation

01/11/2021

The regime will cap interchange fees on designated payment networks, starting with Mastercard and Visa’s credit and debit card networks.

AML / KYC

Trust but Verify: Establishing a Client’s Source of Wealth

01/11/2021

The Pandora Papers provide a stark reminder of the importance of having a robust risk assessment process in place for due diligence and source of wealth checks.

Securities / Derivatives

Bursa Malaysia Launches Competency Framework on Sustainability

01/11/2021

The framework maps competencies against sustainability-related positions to facilitate the development of sustainability strategies and reporting approaches.