Securities / Derivatives

Japan FSA Set to Revise Corporate Governance Code

02/03/2021

The new code will require listed companies to have more independent board directors, promote management diversity, and improve environmental disclosures.

Big Picture

ASIFMA Calls for Harmonised Approach to Public Cloud Regulation

02/03/2021

Varying regulatory approaches across jurisdictions pose significant challenges to FIs trying to implement the public cloud as part of their global strategy.

Securities / Derivatives

SEBI Drafts New Rules for Independent Directors of Listed Companies

02/03/2021

SEBI proposes to introduce a ‘dual approval’ system where appointments of independent directors must be approved by both majority and minority shareholders.

Australia Passes Bill to Enhance Financial Advice Fee Disclosures

02/03/2021

Financial advisers will have to provide clients an annual, forward-looking summary of fees and corresponding services, in addition to existing disclosures.

ESG / Sustainability

Malaysian FIs to Start Applying Climate Risk Taxonomy

02/03/2021

Financial institutions will begin capturing exposures based on the Climate Change and Principles-Based Taxonomy over the course of 2021.

Capital / Liquidity

FSB Urges Indonesia to Further Advance OTC Derivatives Reforms

02/03/2021

Indonesia needs to address legal uncertainties relating to netting for derivatives transactions in bankruptcy to facilitate central clearing and margin requirements.

Capital / Liquidity

CBIRC Issues Draft Rules on Recovery and Resolution Plans

02/03/2021

Deposit-taking institutions, asset managers and financial leasing companies with CNY 300 billion in total assets have to formulate recovery and resolution plans.

AML / KYC

China Renews Anti-corruption Drive with Global Crackdown

02/03/2021

Several government departments including the PBOC will work together to track down corrupt Chinese fugitives and recover ill-gotten gains.

ESG / Sustainability

SEBI to Issue ESG Disclosure Guidelines for Listed Companies

02/03/2021

Chairman Ajay Tyagi said SEBI will issue new guidelines “soon”, with a view to achieving greater transparency and accountability from listed companies on ESG.