Securities / Derivatives

CSRC Drafts Disclosure Rules for SMEs on New Beijing Exchange

20/09/2021

The proposed rules sets requirements on disclosure content and format to ensure the effectiveness and readability of information disclosures SMEs on the BSE.

Market Infrastructure

BSP Instructs Banks to Proactively Transition from LIBOR

20/09/2021

The BSP is not looking to prescribe specific alternative reference rates for use by Philippine banks, saying these choices should be market-driven.

Capital / Liquidity

India Authorises Sovereign Guarantee for New ‘Bad Bank’

20/09/2021

India’s new National Asset Reconstruction Company will acquire stressed assets through the issuance of tradeable security receipts guaranteed by the government.

PBOC Injects Liquidity Amid Fears of Evergrande Default

19/09/2021

Evergrande is being called China’s Lehman, as a default by the company could spill into numerous industries. Interest payments on two notes come due this week.

Securities / Derivatives

US Fed to Review Ethics Rules Following Disclosures by Officials

19/09/2021

Financial disclosures filed by senior Fed officials showed multiple stock trades in 2020 worth millions of dollars, raising concerns over conflicts of interest.

Market Infrastructure

HKMA Names Market Makers for Southbound Bond Connect

18/09/2021

The designated market makers were selected based on several criteria, including their Hong Kong bond market activities and their counterparty networks with Mainland FIs.

Securities / Derivatives

CSRC Forms Inter-agency Group to Rein in Capital Market Crime

18/09/2021

The group will enhance coordination between the central and local government agencies to better enforce against and punish capital markets misconduct.

AML / KYC

Malaysia Secures Settlement from KPMG to Resolve 1MDB Claims

18/09/2021

The settlement concludes a civil suit filed against KPMG and its current and former partners over the audits 1MDB’s 2010-2012 financial statements.

Crypto / Digital Assets

Laos Authorises Six Companies for Crypto Mining, Trading

18/09/2021

Government ministries will work with the central bank and national power utility to decide on rules governing the use of cryptocurrencies.