Securities / Derivatives

China Enhances Market Maker Rules for Interbank FX Market

13/01/2021

SAFE has lowered the entry threshold for firms looking to participate in market making in the interbank foreign exchange market.

AML / KYC

PBOC Tripled AML Penalties in 2020 Compared to 2019

13/01/2021

Failures to perform customer identification and to report lar-value and suspicious transactions were the most frequent reason for the penalties.

Capital / Liquidity

China to Allow Banks to Dispose of Non-performing Personal Loans

13/01/2021

Banks have reportedly been asked to prepare for a trial programme that will see China’s bad debt managers buy up soured personal loans.

Sanctions

HKMA May Replace State Street as Manager of Tracker Fund

13/01/2021

State Street will no longer be able to buy shares in companies sanctioned by the US, including China Mobile and China Unicom.

ESG / Sustainability

ISDA Catalogues Universe of ESG-related Derivatives

13/01/2021

The derivatives markets can play an essential role in facilitating the transition to a sustainable economy, ISDA says in a new paper.

Market Infrastructure

ORX Launches Central Hub to Facilitate Cyber Risk Management

12/01/2021

The central hub allows cyber and information security risk management professionals to collaborate, exchange ideas and learn from each other’s practices.

Market Infrastructure

DSB Launches Consultation on Fee Structure for UPI

12/01/2021

Market participants are invited to provide feedback on the assumptions and proposals that will underpin the fee model for the UPI.

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.