Market Infrastructure

FSC Korea to Tighten Debt Service Ratio Rules in Q1

01/02/2021

The accumulation of excessive debt may pose a risk to the economic recovery, the FSC said, pledging to introduce measures to rein in household and corporate debt.

Capital / Liquidity

HKMA Extends Relief for Trade Loan Customers Another 90 Days

01/02/2021

Trade loans granted 90-day extensions last year will start to fall due in February, but some trade customers are still facing cash flow pressure, the HKMA said.

Crypto / Digital Assets

Ripple Files Response to US SEC Defending XRP as Virtual Currency

31/01/2021

The response notes that the DOJ, FinCEN and regulators in the UK, Singapore and Japan have all concluded that XRP is a virtual currency not subject to securities regulation.

Securities / Derivatives

TOCOM Revises Order Handling Rules to Account for System Failure

31/01/2021

The trading rule revisions clarify that orders entrusted by customers with trading participants remain valid even if bids and offers are cancelled by TOCOM.

Big Picture

Asset Price Correction Could Jeopardise Financial Stability: IMF

31/01/2021

Policymakers should be prepared for the risks of a market correction as complacent investors bet on continued policy support and drive up valuations, the IMF warns.

Germany’s BaFin to Be Reorganised, Top Officials Forced Out

31/01/2021

Finance minister Olaf Scholz said the Wirecard affair revealed a need to reorganise Germany’s system of financial regulation “so that it can fulfil its supervisory role more effectively”.

Crypto / Digital Assets

SGX-Temasek JV to Digitalise Bond Issuance Workflows

31/01/2021

The JV will partner with Covalent Capital to streamline the listing, straight-through processing and settlement of bonds and activities in bond lifecycle management.

CBIRC Flags Continued Governance Issues at Banks, Insurers

30/01/2021

Major shareholders at some small and medium-sized institutions are deliberately concealing their affiliate relationships and using the institutions as ‘cash machines’.

RBI Enhances Rules for Banks’ Grievance Redress Mechanisms

30/01/2021

The framework provides a mechanism for the ombudsman to recover the cost of redressal from banks whose complaints exceed their peer group average.