Market Infrastructure

Japanese FIs Still Have $24tr in LIBOR Exposures – Report

20/05/2021

The December 2020 figure is down only slightly from the $27.5tr of contracts referencing LIBOR 18 months earlier at the end of June 2019.

Market Infrastructure

BSP Tests new RTGS System Ahead of June 2021 Go-Live

20/05/2021

The BSP is testing the new peso RTGS system with banks and other participating institutions to determine readiness for go-live in June 2021.

Securities / Derivatives

US Postpones Investment Ban on ‘Chinese Military Companies’

20/05/2021

The two-week delay is needed to craft a stronger policy to prohibit trades in companies connected to the Chinese military, including to evaluate the companies on the list.

Enforcement

ASIC Fines Macquarie Securities A$126,000 Over Algorithm Failure

19/05/2021

Macquarie Securities was meant to conduct a share buyback for a client via ordinary trading, but the trade went through ASX Centre Point, a dark market.

ESG / Sustainability

Singapore Sustainability Reporting Sees Marked Improvement: SGX

19/05/2021

In a joint review, SGX RegCo and NUS Business School found an overall increase in the depth and understanding of sustainability reporting.

ESG / Sustainability

Singapore Taskforce Issues Climate Disclosure Guide for FIs

19/05/2021

GFIT also announced a framework for green trade finance and published a roadmap to scale green finance in the real estate, infrastructure, fund management and transition sectors.

Capital / Liquidity

APRA Asks Banks to Improve RNIV Reporting & Capitalisation

19/05/2021

APRA says it has observed weaknesses in banks’ Risks-not-in-VaR frameworks and inconsistencies in the calculation of the capital add-ons applied.

Securities / Derivatives

JPX Establishes Working Group to Enhance Equity Market

19/05/2021

The working group will discuss trading system resilience and functionality, a possible extension of trading hours, and the introduction of holiday trading.

Securities / Derivatives

CSRC Approves China’s First Tradeable Infrastructure REITs

18/05/2021

Five REITs will be traded in Shanghai, while another four will be traded in Shenzhen. The nine projects will raise an estimated CNY 30 billion.