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.

Securities / Derivatives

ESMA Recommends Lower Short Position Reporting Threshold

24/05/2021

ESMA says a “substantial amount” of essential information became available to NCAs after the notification threshold was lowered to 0.1% last year.

Enforcement

Nomura, UBS, UniCredit Fined for Participating in Trading Cartel

24/05/2021

During Europe’s sovereign debt crisis, the banks shared information about their EGB bidding and trading strategies in Bloomberg terminal chat rooms.