Market Infrastructure

ISDA IBOR Fallbacks Supplement, Protocol Come Into Effect

25/01/2021

More than 12,000 entities across nearly 80 jurisdictions have so far adhered to the protocol, which will remain open for adherence.

Market Infrastructure

CPMI Calls for Global Input on Cross-border Payments Agenda

25/01/2021

Authors should submit research papers by 27 January 2021. Industry expert responses to questions should be submitted by 8 February 2021.

ESG / Sustainability

SGX Launches ESG Futures as Part of Sustainability Agenda

25/01/2021

The launch is part of the SGX FIRST initiative, a multi-pronged expansion of the exchange’s sustainability capabilities announced in December.

Crypto / Digital Assets

Tokyo Police Arrest 31 Individuals Over 2018 Coincheck Heist

25/01/2021

The suspects were found to have traded stolen cryptocurrency on an underground exchange that emerged on the dark web following the Coincheck heist.

Market Infrastructure

New York State Budget to Include Provisions to Ease LIBOR Switch

24/01/2021

The state budget plan would reportedly allow legacy LIBOR contracts to use the replacement rate recommended by the Fed Board, the New York Fed, or the ARRC.

Securities / Derivatives

CSRC Approves Establishment of Guangzhou Futures Exchange

24/01/2021

The new exchange is part of a policy blueprint released by mainland authorities last year to facilitate the development of the Greater Bay Area.

AML / KYC

BSP Highlights AML Risks of Cash, Cross-Border Payments

24/01/2021

Suspected criminal proceeds mostly came from Australia, Germany, Singapore, the UK and the US. The top destinations of suspected illicit funds were Hong Kong, Singapore and the US.

Enforcement

CSRC Revises Rules for Banning Access to Securities Market

24/01/2021

The draft rules will allow regulators to restrict an individual or entity from trading in all securities and securities investment funds nationwide for up to 5 years.

Capital / Liquidity

CBSL Orders Banks to Delay Dividends, Halt Share Buybacks

24/01/2021

Foreign banks are also instructed to defer repatriation of profits not already declared for 2019 and 2020 until their financial statements for 2020 are finalised and audited.