Capital / Liquidity

CBIRC Issues Draft Rules on Recovery and Resolution Plans

02/03/2021

Deposit-taking institutions, asset managers and financial leasing companies with CNY 300 billion in total assets have to formulate recovery and resolution plans.

AML / KYC

China Renews Anti-corruption Drive with Global Crackdown

02/03/2021

Several government departments including the PBOC will work together to track down corrupt Chinese fugitives and recover ill-gotten gains.

ESG / Sustainability

SEBI to Issue ESG Disclosure Guidelines for Listed Companies

02/03/2021

Chairman Ajay Tyagi said SEBI will issue new guidelines “soon”, with a view to achieving greater transparency and accountability from listed companies on ESG.

AML / KYC

Huawei Launches Hong Kong Court Proceedings Against HSBC

02/03/2021

Huawei is seeking internal HSBC documents it says will help it defend against its CFO Meng Wanzhou’s extradiction to the US to face bank and wire fraud charges.

ESG / Sustainability

BOJ, FSA to Analysis Climate Impacts on Banks This Year

02/03/2021

The BOJ will reportedly work with the FSA to analyse the impact of climate risks on banks in this year’s examinations.

Market Infrastructure

FSA to Seek Report from Mizuho Over ATM Network Shutdown

02/03/2021

A system glitch caused the shutdown of over half of Mizuho’s ATMs on Sunday, with internet banking transactions also partially halted.

Securities / Derivatives

Australian Senator Seeks to End Short Selling by Super Funds

01/03/2021

Senator Gerard Rennick says short selling practices are an example of how superannuation funds aren’t protecting the interests of their members.

Enforcement

ASIC Launches Suit Against CBA Units Over Compliance Failures

01/03/2021

Commonwealth Bank said the issues arose from errors such as IT system coding or systems issues, human error and/or data entry errors.

AML / KYC

NZ Real Estate Agent Reprimanded for AML Non-Compliance

01/03/2021

Property Brokers Limited is required to take immediate action to rectify all areas of non-compliance and will continue to be closely monitored by DIA officials.