Conduct, Culture & Accountability

HKMA, SFC Direct Intermediaries to Improve Client Trade Practices

30/10/2021

Intermediaries have been required to undertake remedial action to address non-compliance with transaction-related disclosure requirements.

Trading & Investment

CBIRC Shanghai Launches Crackdown on Coal Price Speculation

29/10/2021

The CBIRC’s Shanghai bureau has banned the use of bank and insurance funds to influence the commodity market, as China faces nationwide power shortages.

Cryptocurrency

ASIC Issues Guidance on Crypto-asset Investment Products

29/10/2021

ASIC says it has introduced a new ‘crypto-asset’ category in the licensing application for responsible entities.

Structural Regulation

SFC Finalises Changes to Code on Pooled Retirement Funds

29/10/2021

The amendments include enhanced requirements for PRF operators including product providers, trustees, management companies and insurance companies.

Market Data & Technology

Refinitiv Launches New Versions of Tokyo Swap Rate

28/10/2021

The new versions of the Tokyo Swap Rate are designed to support the transition away from LIBOR and the adoption of new market conventions.

Cloud & Infrastructure

PBOC Issues Guidance on Using Open Source Technology

28/10/2021

FIs are encouraged to actively participate in the development of “international and domestic” open source technology communities.

Credit Risk

BOT Relaxes Mortgage Lending Rules to Boost Property Market

28/10/2021

The BOT is allowing LTV ratios of up to 110 percent, including top-up loans for home decoration, for first homes priced below THB 10 million.

Structural Regulation

China Proposes Revisions to CPA Law to Improve Audit Quality

28/10/2021

The revisions allow for foreign regulators to sign a regulatory cooperation agreement or memorandum with the State Council if they wish to access audit work papers.

Anti-Money Laundering

FATF Issues New Report on Digitalisation of FIUs

28/10/2021

The report outlines how FIUs can benefit from the adoption of digital tools, including through improved data utility, analytical capacities, and STR management.