Securities / Derivatives

China Unifies Disclosure Requirements for Corporate Bond Issuance

03/01/2021

The rules apply to companies issuing enterprise debt financing instruments, corporate bonds and enterprise bonds, whether in the interbank market or on exchanges.

Market Infrastructure

BSP Consults on Draft Policies to Strengthen Payment Systems

03/01/2021

The first draft policy covers governance policies for payment system operators. The second covers the local adoption of the PFMI for designated payment systems.

S. Korea Selects Market Makers for Won-Yuan Direct Market

03/01/2021

The selected banks will play a leading role in price formation and in supplying liquidity to the KRW/RMB direct trading market.

Capital / Liquidity

BOJ Expands Merger Incentives to Include Community Lenders

03/01/2021

The BOJ will pay an additional 0.1% interest to smaller lenders that decide to merge, integrate their businesses, or meet overhead reduction targets.

Securities / Derivatives

Daiwa Securities Joint Venture Granted Beijing Business Licence

03/01/2021

The business licence makes Daiwa Securities (China) Co Ltd the fourth foreign-owned joint venture securities firm in Beijing.

Market Infrastructure

China, EU Leaders Agree Bilateral Investment Treaty

03/01/2021

China will open multiple industries to EU businesses, removing joint-venture requirements, equity caps and forced technology transfers.

AML / KYC

OFAC Extends Chinese Military Company Ban to Subsidiaries

03/01/2021

In a set of FAQs, OFAC has clarified that Executive Order 13959 also applies to subsidiaries, derivatives, ETFs, index funds and mutual funds.

AML / KYC

Japan Regulators Order Crypto Exchange to Improve AML Systems

02/01/2021

Avacus Co Ltd must build an AML/CTF risk management system that ensures transactions are confirmed and recorded at the time of transaction.

Capital / Liquidity

Taiwan FSC Designates First Commercial Bank as Sixth D-SIB

02/01/2021

In June 2019, the FSC designated CTBC Bank, Cathay United Bank, Taipei Fubon Bank, Mega International Commercial Bank and Taiwan Cooperative Bank as D-SIBs.