Market Infrastructure

ASX to Replace Standard Definitions for Interest Rate Swaps

29/07/2021

From 4 October, all OTC interest rate derivatives contracts will be treated as if they incorporated the new 2021 ISDA Definitions.

Market Infrastructure

RBI Opens RTGS, NEFT to Non-bank Payment System Providers

29/07/2021

Prepaid payment instruments, white label ATM operators and card networks can now connect to the RTGS and NEFT systems.

Capital / Liquidity

MAS Ends Dividend Cap for Banks, Finance Companies

29/07/2021

Local banks and finance companies should still exercise continued prudence in their discretionary distributions, and prioritise support to customers.

AML / KYC

FSC Finds VASP Deposit Accounts Linked to Fraudulent Activity

29/07/2021

Crypto exchanges in Korea are required to use bank accounts under their real names. Third party bank accounts are not allowed.

ESG / Sustainability

BOJ to Pursue ‘Learning-by-doing’ Approach to Climate Risk

29/07/2021

The BOJ will offer zero-interest funds to FIs making loans and investments to tackle climate change, study the programme’s impacts, and make adjustments when necessary.

Capital / Liquidity

Thailand SEC Issues New Rules on Fund Liquidity Management

28/07/2021

Asset managers have until 1 January 2022 to have a board-approved policy in place and ensure the availability of sufficient liquidity management tools.

UBS Becomes First Foreign Bank to Offer Family Trusts in China

28/07/2021

UBS (China) Ltd will provide advisory services to high-net-worth households and offer family trust solutions that integrate wealth preservation and transfer.

Securities / Derivatives

Sumitomo Mitsui Seeks Approval to Launch China Brokerage

28/07/2021

Sumitomo Mitsui Financial Group and SMBC Nikko Securities filed a joint application with the CSRC on Tuesday.

Securities / Derivatives

SEBI Requires Segregation, Monitoring of Client Collateral

27/07/2021

The framework seeks to address previous instances of brokers defaulting and misusing clients’ securities and funds.