Securities / Derivatives

Taiwan to Punish Foreign Banks for Facilitating Currency Speculation

26/01/2021

The banks helped grains merchants trade in deliverable FX forwards in contravention of foreign exchange regulations.

AML / KYC

Index Providers to Remove More Chinese Firms from Indexes

26/01/2021

MSCI and FTSE Russell say they will remove five more Chinese companies from their global indexes in the absence of further OFAC guidance.

HKMC, MUFG Agree to Cooperate on Infrastructure Financing

26/01/2021

The MoU sets out terms for potential infrastructure loan sales by MUFG to the HKMC, as part of efforts to consolidate Hong Kong’s position as an infrastructure financing hub.

Securities / Derivatives

TAIFEX Obtains CFTC Certification for Biotech Index Futures

25/01/2021

Biotech is the third largest sector by trading value in Taiwan’s stock market. TAIFEX TIP Taiwan BIO Futures can now be offered and sold to US persons.

Tokyo Bourse to Improve Access to Market Data via API Services

25/01/2021

The TSE expects the new API services to enable financial institutions to digitise their business processes and fintechs to create new investment-related information services.

Capital / Liquidity

BIS Launches Second Green Bond Fund, Denominated in Euro

25/01/2021

The fund is part of an initiative to help central banks incorporate environmental sustainability objectives in the management of their reserves and capital.

Enforcement

Korea FSS to Order Banks to Compensate Lime Fund Investors

25/01/2021

Woori Bank, Busan Bank and Industrial Bank of Korea have reportedly agreed to pay restitution to investors based on estimated damages.

Market Infrastructure

ASIC Data System Illegally Accessed by Malicious Attacker

25/01/2021

The affected server was being used to share documents associated with recent credit licence applications, though no forms or attachments are believed to have been accessed.

Big Picture

Regulatory Intervention Needed for JPY LIBOR Transition – Fitch

25/01/2021

Japan’s decision to keep TIBOR may slow the adoption of TONA, lengthening the time needed to generate liquidity in TONA derivatives and establish forward-looking TONA rates.