Capital / Liquidity

CSRC Proposes New Rules for Subsidiaries of Futures Companies

17/07/2021

CNY 300 million in net capital will be required for a futures company to establish a subsidiary. The activities of overseas subsidiaries will be restricted.

Securities / Derivatives

Shanghai, Shenzhen Bourses Update Green Bond Guidelines

17/07/2021

Carbon neutrality bonds and blue bonds have been added under the green bond chapter. Requirements on the use of proceeds from such issuances are defined.

Securities / Derivatives

Exchanges Demonstrate Leadership in Sustainability Matters: WFE

17/07/2021

An annual WFE survey shows that ESG is increasingly becoming an integral part of exchanges’ strategies and ethos.

Market Infrastructure

ISDA Publishes First Digital Definitional Book for Interest Rate Derivatives

16/07/2021

The digital format will create efficiencies in how firms use and interact with the definitions, reducing complexity and the potential for error, ISDA says.

AML / KYC

INTERPOL Calls for Global Action to Prevent ‘Ransomware Pandemic’

16/07/2021

Criminals made $350mn in 2020 from ransomware payments, representing an increase of 311% in one year.

Securities / Derivatives

Bursa Allows Investors to Subscribe for Rights Issues Electronically

16/07/2021

A new eRights service has been introduced on the Bursa Anywhere mobile app, allowing investors to apply and make payment for rights issues electronically.

RBNZ Abruptly Announces End to Quantitative Easing

15/07/2021

The bond-buying programme was originally scheduled to run until June 2022. The RBNZ says the programme is no longer necessary for monetary policy purposes.

Enforcement

RBI Imposes Restrictions on Mastercard Over Data Storage

15/07/2021

The action may hamper the ability of private banks to issue new cards to customers in the near term due to their exclusive tie-ups with Mastercard.

Capital / Liquidity

APRA Proposes Banks Maintain Higher Self-securitised Assets

15/07/2021

APRA proposes that banks maintain at least 30 percent of their LCR Net Cash Outflows in self-securitised assets, separate from that used as collateral for the CLF.