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.

Capital / Liquidity

India Announces Support for Banks in Budget for New Fiscal Year

02/02/2021

The budget includes the establishment of a ‘bad bank’ to take over banks’ bad assets and a plan to inject INR 200 billion into state lenders.

Enforcement

HK Court Finds JP Morgan Banker Not Guilty of Bribery

02/02/2021

The prosecution had accused the banker of employing the son of a client as a bribe to win IPO business for JP Morgan.

Enforcement

Singapore Authorities Probe Crowdfunding Platform for Misconduct

02/02/2021

The probe is looking into possible offences under the Penal Code and the Securities and Futures Act by group companies belonging to CoAssets Ltd.