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.

Securities / Derivatives

PBOC Optimises Interbank Bond Market Circulation Mechanism

06/04/2021

Bond registration, depository and clearing institutions will establish direct connections with the interbank bond market to enable electronic transmission of information.

Korea Lowers Max Lending Rate, Introduces New Rules for Lenders

06/04/2021

The FSC will introduce new monetary sanctions and strengthen supervision on loan agreements to prevent predatory lending.

Capital / Liquidity

Korea Finalises Supervisory Framework for Financial Conglomerates

05/04/2021

Effective from 30 June, the framework for the supervision of non-holding financial groups will help enhance the management of group-wide risks.

New Zealand Ends Loan Repayment Deferral Scheme

05/04/2021

Banks are continuing to work with borrowers who still need help to get back on track, says NZBA chief executive Roger Beaumont.

Market Infrastructure

FCA, BOE Urge Switch to SONIA in GBP Non-linear Derivatives

05/04/2021

The FCA and BOE have asked liquidity providers and interdealer brokers to adopt SONIA in quoting conventions for GBP non-linear derivatives from 11 May.