Capital / Liquidity

Korea Raises Capital Requirements at Private Equity Funds

04/02/2021

The minimum required capital will be raised from 100mn to 300mn won. Private equity funds with high leverage will need 500mn won.

Capital / Liquidity

UPDATED – Chinese Regulators Agree on Ant Group Restructuring Plan

03/02/2021

Under the plan, Ant Group will fold all of its businesses into a financial holding company that will be subject to PBOC oversight and capital requirements.

China: HNA Group Declares Bankruptcy, Reveals Embezzlement

03/02/2021

HNA Group has entered bankruptcy on the demand of creditors including Ping An Bank, Bank of Hainan, and Chang’an Bank.

BOK Ends Special Lending Programme as Markets Stabilise

03/02/2021

The BOK has decided to end a special lending programme that allowed banks, brokerages and insurers to obtain funding by pledging corporate bonds as collateral.

RBA Unexpectedly Announces Extension of QE Programme

03/02/2021

The RBA’s first-ever quantitative easing programme was due to expire in mid-April. It will now be extended until at least October.

Enforcement

CFTC Files Suit Against Nomura Trader for Manipulative Trading

03/02/2021

The former trader manipulated the price of 10-year swap spreads to reflect lower pricing of bonds and a related swap, at the expense of the issuer.

Big Picture

Industry Taskforce Publishes Blueprint for Creating Carbon Market

02/02/2021

The blueprint comprises 20 tangible actions to deliver a large-scale, voluntary carbon market and a roadmap for implementation.

AML / KYC

Thailand to Introduce Rules for Digital Asset Wallet Providers

02/02/2021

The SEC is concerned that digital asset wallets and custodian services could be used for drug offences and money laundering.

AML / KYC

China Punishes Former CBIRC Official for Corruption

02/02/2021

The ex-head of the CBIRC’s Shanxi bureau was expelled from the Communist Party and referred for criminal prosecution for suspected bribery.