Fintech / Regtech

Australia Set to Announce A$1.2bn Digital Economy Strategy

10/05/2021

The full strategy will be released on 11 May, and include investments in artificial intelligence, cyber security, the CDR rollout, and Australia’s digital identity system.

Securities / Derivatives

China to Launch Crude Oil Options, Open to Foreign Investors

09/05/2021

Shanghai INE is seeking feedback on a new crude oil options contract that will be open to foreign investors. Trading simulations will run for two weeks.

Australia to Require Debt Management Firms to Be Licensed

09/05/2021

Firms providing debt management services need to apply to ASIC for a credit licence and become a member of AFCA by 30 June 2021.

Market Infrastructure

ARRC Identifies Indicators for Recommending SOFR-based Term Rate

09/05/2021

The ARRC has published guidance on the indicators it will use to measure the progress needed to recommend a SOFR-based term rate.

Securities / Derivatives

CSRC Consults on ‘Counselling’ Obligations of IPO Sponsors

09/05/2021

The rules impose obligations on sponsors to ensure that directors, supervisors, senior managers, and major shareholders of IPO applicants understand their listing obligations.

Capital / Liquidity

Standard-setters Examine Margin Practices of Market Participants

08/05/2021

Market participants are invited to complete a survey as part of a review of margining practices in cleared and uncleared markets.

Crypto / Digital Assets

Korea: Police Raid Crypto Exchange, Freeze $214m in Assets

08/05/2021

Crypto exchange V Global is alleged to have engaged in an illegal multi-level marketing scheme to lure investors.

ESG / Sustainability

BIS Innovation Hub, Bank of Italy Launch G20 TechSprint

08/05/2021

Private firms are invited to develop technological solutions to address operational problems in green and sustainable finance.

Big Picture

Industry Body Outlines Best Practices in CCP Credit Risk Management

08/05/2021

The best practices cover governance, model validation, annual credit reviews, operational capabilities, risk management, and portfolio monitoring.