ESG / Sustainability

G7 to Agree Global Corporate Tax at July Meeting – Report

31/05/2021

A G7 draft communique said a global minimum corporate tax will be agreed to help alleviate the strain on public finances.

Market Infrastructure

Global Banks Form Steel Decarbonisation Working Group

31/05/2021

Six banks will define common standards of action for steel sector decarbonisation through a collective climate-aligned finance agreement.

Capital Markets Workforce Capped as Malaysia Enters Lockdown

31/05/2021

The banking, insurance, takaful and capital markets sectors will operate at 60 percent capacity during a 2-week lockdown starting 1 June.

Capital / Liquidity

PBOC Eases Overseas Financing Limits for Foreign Banks

31/05/2021

The PBOC has reportedly relaxed cross-border leverage limits for local branches of foreign banks from 0.8 to 2.0.

Market Infrastructure

RBNZ Publishes Results of Data Breach Review by KPMG

31/05/2021

KPMG found that the use of file-sharing app Accellion FTA went beyond the acceptable use specified in the RBNZ’s own guidelines.

ESG / Sustainability

APRA Invites Tenders to Help Model Physical Climate Risk

31/05/2021

APRA is seeking physical climate risk modelling capabilities to support the delivery of climate scenario analysis data to banks participating in the CVA project.

Securities / Derivatives

CSRC Green-lights Launch of Crude Oil, Palm Oil Options

30/05/2021

Crude oil options will launch on 21 June. Palm oil options will launch on 18 June. Both products will be open to foreign investors.

Enforcement

ASIC Files Federal Court Suit Against AMP Companies

30/05/2021

ASIC has taken court action against AMP for charging deceased customers insurance premiums and advice fees. AMP has already remediated the impacted customers.

Enforcement

Philippine Court Jails Broker for Illegal Trading in 1999

30/05/2021

The court’s decision represents the first conviction won by the SEC after two decades of pursuing stockbrokers and investors linked to the case.