Liquidity Risk

PBOC Raises Forex Reserve Requirement for Banks

14/12/2021

The move will force Chinese banks to more foreign currency at the central bank, and help to contain the renminbi’s appreciation.

Stablecoins

Parallel Myanmar Government Recognises Tether as Official Currency

14/12/2021

The pro-democracy National Unity Government has reportedly begun using Tether as a proxy for the US dollar to raise funds for a campaign to topple the military regime.

Reporting & Disclosures

Thai SEC Consults on Disclosure Guidance for SRI Funds

13/12/2021

Disclosures should include an investment strategy that details the securities analysis and selection process and investment benchmarks used.

Trading & Investment

SEBI Seeks to Regulate Algo Trading by Retail Investors

13/12/2021

SEBI is concerned that investors are increasingly using unregulated third party applications and algorithms to automate decision-making and trading.

Emerging Prudential Risks

Korea Extends Support for Key Industries Through Stabilisation Fund

13/12/2021

The regulator said financial support for key industries will be provided in the amount of KRW 10 trillion until end-December 2022.

Structural Regulation

China to Enhance Asset Sale Transparency at State-owned FIs

13/12/2021

Assets transfers by state-owned financial institutions must be through open transactions, such as on trading venues, auctions, and competitive negotiations.

Conduct, Culture & Accountability

HK Bourse Finalises New Rules on Governance, Board Diversity

13/12/2021

Amended corporate governance code and listing rules will require firms to ensure board independence, refreshment, and diversity from 1 January 2022.

Climate Risk

Malaysia to Introduce Mandatory TCFD-aligned Disclosures for FIs

13/12/2021

Guidance on climate risk management, scenario analysis and disclosures will be issued for consultation. Specialised training will be introduced in 2022.

Payments & Settlements

CPMI to Define Service Level Template for Cross-border Payments

13/12/2021

Agreed service levels will establish consistency and certainty for all cross-border payment stakeholders based on a common framework, CPMI says.