ESG / Sustainability

NGFS, INSPIRE to Study Financial Risks of Biodiversity Loss

07/04/2021

The research will seek to understand how central banks and supervisory authorities can fulfil their financial stability mandates in the context of biodiversity loss.

APRA Approves Westpac Plan to Strengthen Risk Governance

07/04/2021

The integrated plan outlines a comprehensive program of work to enhance Westpac’s risk culture and risk governance.

SORA Property Loans Provide Interest Rate Stability: UOB

07/04/2021

Borrowers say the certainty, transparency and stability are key factors affecting their willingness to choose SORA-based loan products.

Securities / Derivatives

BlackRock Paves Way for Mutual Fund Business in China

07/04/2021

BlackRock has withdrawn its private fund manager registration to pave the way for the launch of its new wholly-owned mutual fund unit in China.

Market Infrastructure

Mizuho May Seek Compensation from Hitachi for System Glitch

07/04/2021

The delay of 263 transactions for corporate clients was said to be caused by a malfunction in a disk storage device made by Hitachi.

Market Infrastructure

Japan to Start Publishing TORF Production Rates from 26 April

07/04/2021

QUICK Benchmarks, formed in January 2021, has been publishing TORF prototype rates weekly since May 2020 and daily since October 2020.

Enforcement

SFC Adds ‘Ramp-and-Dump’ Syndicate Member to Wanted List

07/04/2021

An arrest warrant was issued for Zeng Lingxi, an alleged member of a syndicate suspected of operating ramp-and-dump scams on social media.

Capital / Liquidity

PBOC, CBIRC Issue Draft Rules on D-SIB Capital, Supervision

07/04/2021

Banks designated as D-SIBs will be subject to a capital surcharge of between 0.25 and 1.5 percent, on top of the mandatory capital adequacy ratios.

Securities / Derivatives

Korea Set to Introduce Tougher Penalties for Illegal Short Selling

06/04/2021

Illegal short sellers can face fines of up to 100% of the amount of the short selling order, imprisonment for a year or more, and additional penalties up to five times unfair profits.