Enforcement

CBIRC Identifies Consumer Rights Violations at Everbright Bank

04/02/2021

Financial institutions are asked to use the case as a reference for improving their own consumer rights protection mechanisms.

Fintech / Regtech

SEBI Revises Entry Norms for Innovation Sandbox

04/02/2021

The revisions introduce graded entry norms to encourage innovation and make it easier for firms to participate in the sandbox.

Enforcement

CBIRC Fines Agricultural Bank of China for Poor Data Security

04/02/2021

The CBIRC said the bank did not properly protect its internal and wireless internet networks there was a risk of data leakage.

Capital / Liquidity

Korea Raises Capital Requirements at Private Equity Funds

04/02/2021

The minimum required capital will be raised from 100mn to 300mn won. Private equity funds with high leverage will need 500mn won.

Capital / Liquidity

UPDATED – Chinese Regulators Agree on Ant Group Restructuring Plan

03/02/2021

Under the plan, Ant Group will fold all of its businesses into a financial holding company that will be subject to PBOC oversight and capital requirements.

China: HNA Group Declares Bankruptcy, Reveals Embezzlement

03/02/2021

HNA Group has entered bankruptcy on the demand of creditors including Ping An Bank, Bank of Hainan, and Chang’an Bank.

BOK Ends Special Lending Programme as Markets Stabilise

03/02/2021

The BOK has decided to end a special lending programme that allowed banks, brokerages and insurers to obtain funding by pledging corporate bonds as collateral.

RBA Unexpectedly Announces Extension of QE Programme

03/02/2021

The RBA’s first-ever quantitative easing programme was due to expire in mid-April. It will now be extended until at least October.

Enforcement

CFTC Files Suit Against Nomura Trader for Manipulative Trading

03/02/2021

The former trader manipulated the price of 10-year swap spreads to reflect lower pricing of bonds and a related swap, at the expense of the issuer.