SORA Property Loans Provide Interest Rate Stability: UOB

07/04/2021

Borrowers say the certainty, transparency and stability are key factors affecting their willingness to choose SORA-based loan products.

Securities / Derivatives

BlackRock Paves Way for Mutual Fund Business in China

07/04/2021

BlackRock has withdrawn its private fund manager registration to pave the way for the launch of its new wholly-owned mutual fund unit in China.

Market Infrastructure

Mizuho May Seek Compensation from Hitachi for System Glitch

07/04/2021

The delay of 263 transactions for corporate clients was said to be caused by a malfunction in a disk storage device made by Hitachi.

Market Infrastructure

Japan to Start Publishing TORF Production Rates from 26 April

07/04/2021

QUICK Benchmarks, formed in January 2021, has been publishing TORF prototype rates weekly since May 2020 and daily since October 2020.

Enforcement

SFC Adds ‘Ramp-and-Dump’ Syndicate Member to Wanted List

07/04/2021

An arrest warrant was issued for Zeng Lingxi, an alleged member of a syndicate suspected of operating ramp-and-dump scams on social media.

Capital / Liquidity

PBOC, CBIRC Issue Draft Rules on D-SIB Capital, Supervision

07/04/2021

Banks designated as D-SIBs will be subject to a capital surcharge of between 0.25 and 1.5 percent, on top of the mandatory capital adequacy ratios.

Securities / Derivatives

Korea Set to Introduce Tougher Penalties for Illegal Short Selling

06/04/2021

Illegal short sellers can face fines of up to 100% of the amount of the short selling order, imprisonment for a year or more, and additional penalties up to five times unfair profits.

Enforcement

ASIC Launches Legal Action Against CBA for Overcharging Customers

06/04/2021

ASIC says CBA incorrectly charged monthly access fees to customers who were entitled to fee waivers between June 2010 and September 2019.

Securities / Derivatives

FCA to Consult on Stronger Protections for SPAC Investors

06/04/2021

The consultation will consider enhanced disclosure requirements, a minimum market cap and a redemption option for investors.