Market Infrastructure

IOSCO Explores Conduct Risks in Leveraged Loan, CLO Markets

25/05/2021

IOSCO is looking to understand potential conflicts of interest and misaligned incentives that may exist among participants in the leverage loan and CLO markets.

Market Infrastructure

EU Ramps Up Regulatory Scrutiny Over Foreign Bank Branches

25/05/2021

New rules will require foreign banks operating in the EU to consolidate their operations under an “intermediate parent undertaking”.

Enforcement

China: Policymakers Warn Against Commodity Market Speculation

25/05/2021

Regulators will strengthen supervision of commodity futures and the spot market with a “zero tolerance” for illegal activities.

Securities / Derivatives

Bursa Malaysia Grants Extension for Issuing Financial Statements

25/05/2021

The announcement comes at a time when Malaysia is under a four-week nationwide lockdown until 7 June.

Market Infrastructure

China CIPS Expands to Include Corporate Participants

25/05/2021

The first batch of non-banks have joined CIPS. Officials say the network covers nearly 200 countries and over 3400 banks.

ESG / Sustainability

Biden Directs US Federal Agencies to Take Action on Climate

25/05/2021

Under an executive order, a comprehensive government-wide strategy on climate-related financial risk shall be developed within 120 days.

Japan FSA Releases Guidelines on Climate Transition Finance

25/05/2021

The guidelines incorporate the recommendations on disclosures from the ICMA Climate Transition Finance Handbook, which was published in December.

Enforcement

Japan Post Bank Misplaces Customer Transaction Data

25/05/2021

The missing records include information such as clients’ names and bank account numbers, which are supposed to be retained for 10 years.

Securities / Derivatives

China Releases Supplementary Rules for Carbon Rights Trading

24/05/2021

The rules detail the role of the registration authority, allowing it to intervene if carbon prices see abnormal fluctuations or excessive volatility.