Capital / Liquidity

HKMA Intends to Bring ‘Stay Rules’ into Operation in 2021

03/01/2021

Implementation will occur in two phases, the first for contracts where the only counterparties are HKMA-authorised institutions and/or FIs that are part of G-SIBs.

Securities / Derivatives

SC Malaysia Issues Guidance to Address Unlicensed Investment Advice

03/01/2021

An increasing number of social media, chat room and messaging applications are providing stock recommendations or investment advice to the public for a fee.

Securities / Derivatives

China Unifies Disclosure Requirements for Corporate Bond Issuance

03/01/2021

The rules apply to companies issuing enterprise debt financing instruments, corporate bonds and enterprise bonds, whether in the interbank market or on exchanges.

Market Infrastructure

BSP Consults on Draft Policies to Strengthen Payment Systems

03/01/2021

The first draft policy covers governance policies for payment system operators. The second covers the local adoption of the PFMI for designated payment systems.

S. Korea Selects Market Makers for Won-Yuan Direct Market

03/01/2021

The selected banks will play a leading role in price formation and in supplying liquidity to the KRW/RMB direct trading market.

Capital / Liquidity

BOJ Expands Merger Incentives to Include Community Lenders

03/01/2021

The BOJ will pay an additional 0.1% interest to smaller lenders that decide to merge, integrate their businesses, or meet overhead reduction targets.

Securities / Derivatives

Daiwa Securities Joint Venture Granted Beijing Business Licence

03/01/2021

The business licence makes Daiwa Securities (China) Co Ltd the fourth foreign-owned joint venture securities firm in Beijing.

Market Infrastructure

China, EU Leaders Agree Bilateral Investment Treaty

03/01/2021

China will open multiple industries to EU businesses, removing joint-venture requirements, equity caps and forced technology transfers.

AML / KYC

OFAC Extends Chinese Military Company Ban to Subsidiaries

03/01/2021

In a set of FAQs, OFAC has clarified that Executive Order 13959 also applies to subsidiaries, derivatives, ETFs, index funds and mutual funds.