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.

Big Picture

Industry Taskforce Publishes Blueprint for Creating Carbon Market

02/02/2021

The blueprint comprises 20 tangible actions to deliver a large-scale, voluntary carbon market and a roadmap for implementation.

AML / KYC

Thailand to Introduce Rules for Digital Asset Wallet Providers

02/02/2021

The SEC is concerned that digital asset wallets and custodian services could be used for drug offences and money laundering.

AML / KYC

China Punishes Former CBIRC Official for Corruption

02/02/2021

The ex-head of the CBIRC’s Shanxi bureau was expelled from the Communist Party and referred for criminal prosecution for suspected bribery.

Market Infrastructure

CBIRC Permits Allianz to Set Up Insurance Asset Management Business

02/02/2021

The business, to be incorporated in Beijing, will be the first wholly foreign-owned insurance asset management firm in China.