Climate Risk

Biden Directs US Federal Agencies to Take Action on Climate

25/05/2021

Under an executive order, a comprehensive government-wide strategy on climate-related financial risk shall be developed within 120 days.

Sustainable Finance

Japan FSA Releases Guidelines on Climate Transition Finance

25/05/2021

The guidelines incorporate the recommendations on disclosures from the ICMA Climate Transition Finance Handbook, which was published in December.

Data Privacy

Japan Post Bank Misplaces Customer Transaction Data

25/05/2021

The missing records include information such as clients’ names and bank account numbers, which are supposed to be retained for 10 years.

Climate Risk

China Releases Supplementary Rules for Carbon Rights Trading

24/05/2021

The rules detail the role of the registration authority, allowing it to intervene if carbon prices see abnormal fluctuations or excessive volatility.

Trading & Investment

ESMA Recommends Lower Short Position Reporting Threshold

24/05/2021

ESMA says a “substantial amount” of essential information became available to NCAs after the notification threshold was lowered to 0.1% last year.

Market Abuse

Nomura, UBS, UniCredit Fined for Participating in Trading Cartel

24/05/2021

During Europe’s sovereign debt crisis, the banks shared information about their EGB bidding and trading strategies in Bloomberg terminal chat rooms.

Climate Risk

Korea Brokers Join Emissions Trading Scheme as Market Makers

24/05/2021

Participation by the brokerage firms as market makers will help reduce bid-ask spreads and keep Korea’s emissions trading market liquid.

Trading & Investment

CME Group to be Recommended as SOFR Term Rate Administrator

24/05/2021

A recommended SOFR term rate is now in clear sight, said Tom Wipf, ARRC Chairman and Vice Chairman of Institutional Securities at Morgan Stanley.

Structural Regulation

S. Korea Revises Law to Strengthen Market Integrity

24/05/2021

The revisions will ease approval processes for financial investment businesses, including foreign firms, while also increasing penalties for stock manipulation.