Capital / Liquidity

HKMA Consults on Implementation of Revised CVA Risk Framework

17/12/2020

The revised CVA risk capital framework is likely to have significant impacts on banks, particularly for those with material CVA risk exposures, the HKMA says.

Capital / Liquidity

ECB Eases Restrictions on Bank Dividends, Share Buybacks

17/12/2020

A continued prudent approach remains necessary until 30 September 2021, given the persisting economic uncertainty, the ECB says.

Fintech / Regtech

Singapore to Review E-wallet Payment Limits in 2021

17/12/2020

Currently, e-wallet users in Singapore can hold up to S$5,000 in their accounts at any one time, and transactions are capped at S$30,000 per year.

Securities / Derivatives

FMA Issues Disclosure Framework for Green Investment Products

17/12/2020

The guidance sets out the type of disclosure the FMA expects from issuers of green bonds and other ‘responsible’ investment products.

Securities / Derivatives

Malaysia to Lift Short Selling Ban, Intraday Ban to Remain

17/12/2020

The dynamic and static price limits and revised circuit breaker mechanism implemented in July will be extended. Margin financing flexibilities for brokers will remain in place.

AML / KYC

MSCI, Nasdaq Announce Removal of Chinese Companies from Indices

17/12/2020

MSCI, Nasdaq, S&P Dow Jones Indices and FTSE Russell have now all announced the removal of Chinese companies from their indexes to comply with last month’s executive order.

Enforcement

CSRC Suspends Credit Rating Agency, Orders Improvements

16/12/2020

The rating agency has been asked to carry out a comprehensive rectification programme, strengthen internal controls, and improve the quality of its ratings.

AML / KYC

ANNA Announces Expansion of ISIN-to-LEI Mapping Initiative

16/12/2020

The linking of ISINs and LEIs effectively links issuers to the issuance of securities, thereby improving transparency and aiding risk and exposure management.

Crypto / Digital Assets

SFC Issues First Licence to Digital Asset Trading Platform

16/12/2020

The licences permit OSL Digital Securities to operate regulated brokerage and automated trading services for digital assets.