Market Infrastructure

BSP Deploys New Supervisory Assessment Framework

12/01/2021

SAFr aims to facilitate forward-looking assessments of financial institutions and link their systemic importance and risk profile to the level of supervisory attention they receive.

Market Infrastructure

PBOC Outlines Work Programme, Policy Priorities for 2021

12/01/2021

The priorities include measures to promote green finance, expand the opening up of the financial system, deepen bond market reforms, and tackle financial system risk.

AML / KYC

Australian Police Make Arrest as Part of Foreign Bribery Probe

12/01/2021

The arrest is part of an investigation by UK, US and Australian authorities into the payment of bribes to officials in Iraq and other countries to secure oil contracts.

Market Infrastructure

SEBI Proposes to Ease Stock Exchange Ownership Norms

12/01/2021

Domestic promoters will be allowed to own 100% of a newly set-up stock exchange or depository for up to 10 years. Foreign promoters will be allowed to own up to 49%.

Market Infrastructure

RBI Directs Banks to Enhance Internal Audit Function

12/01/2021

Banks are encouraged to adopt the international standards for internal audit, such as those issued by the BCBS or the Institute of Internal Auditors.

Market Infrastructure

CCPs Should Limit Procyclical Changes to Initial Margin: ISDA

11/01/2021

Procyclical changes to initial margin levels ended up draining liquidity from the market and contributing to market stress during the March/April market turmoil.

AML / KYC

Ex-China Development Bank Chairman Sentenced to Life in Prison

11/01/2021

The former chairman of China’s largest policy bank took 85.5mn yuan in bribes to facilitate financing for others including CEFC China Energy and HNA Group.

Securities / Derivatives

CSRC Issues Final Rules on Convertible Corporate Bonds

11/01/2021

The rules require trading venues to improve trading rules, enhance risk monitoring, and establish appropriate investor suitability and information disclosure rules.

AML / KYC

Deutsche Bank to Pay $130m to Resolve FCPA Violations, Fraud Charges

11/01/2021

The bank’s employees and agents concealed bribes paid to obtain and maintain lucrative business in Saudi Arabia, Abu Dhabi, Italy and China.