ESG / Sustainability

Hong Kong Explores Role in Unified GBA Carbon Market

08/09/2021

Hong Kong is exploring opportunities to establish a unified carbon market in the Greater Bay Area, leveraging the Guangdong ETS and Shenzhen ETS.

Enforcement

CSRC to Bolster Supervision of Securities, Fund Practitioners

08/09/2021

The CSRC will organise on-site inspections to ensure securities and fund practitioners adhere to professional ethics obligations and improve governance.

Market Infrastructure

China, Indonesia Launches Local Currency Settlement Framework

08/09/2021

Bank Indonesia has also recently expanded its local currency settlement frameworks with Japan, Malaysia and Thailand.

Securities / Derivatives

Chinese Banks Start to Restrict FX Services Amid Risk Concerns

07/09/2021

State-owned lender Huaxia Bank has restricted some of its FX services amid regulatory concerns over yuan volatility.

Market Infrastructure

ASIC Issues Final Guidance on Breach Reporting Obligations

07/09/2021

Licensees should have in place clear, well-understood and documented processes for identifying, recording, assessing, escalating and reporting breaches.

Market Infrastructure

S. Korea: New FSC, FSS Chiefs to Rebuild Cooperative Relations

07/09/2021

The new chiefs of the FSC and FSS held their first official meeting since taking office. They pledged to unite on issues such as household debt and Covid-19.

Market Infrastructure

Hainan to Pilot Cross-Border Asset Management Trials

06/09/2021

Hainan’s also plans also launch QFLP and QDLP trials and enhanced currency convertibility to facilitate cross-border trade and investment.

Big Picture

WEF Paper Calls for Balanced Approach to Crypto Regulation

06/09/2021

Rather than banning cryptocurrencies, regulators are urged to collaborate to create regulatory clarity, close loopholes and mitigate regulatory arbitrage.

Market Infrastructure

APRA Issues Response on Bank Data Disclosure Regime

04/09/2021

APRA will disclose entity-level financial position and performance data on a quarterly basis in a new publication that will launch in Q1 2023.