Market Infrastructure

EU Regulators Urge Participants to Stop Using LIBOR

05/07/2021

Market participants are asked not to wait for the European Commission to exercise its powers to designate a replacement for LIBOR.

AML / KYC

Taiwan: New AML Rules For Crypto Exchanges Take Effect

05/07/2021

Crypto exchanges in Taiwan have to report transactions worth more than TWD 500,000 and fulfill KYC requirements.

Securities / Derivatives

Tokyo Bourse Lists First Depositary Receipts by Asian Firm

01/07/2021

Singapore-based Omni-Plus System is only the second foreign company to list JDRs, after US chip design company Techpoint’s 2017 offering.

Fintech / Regtech

German Firms Validate Derivatives Use Case for Smart Contracts

01/07/2021

Smart derivative contracts simplify and accelerate settlement processes of OTC derivatives and create economic advantages for counerparties.

Big Picture

Investors Call for Mandatory Climate Disclosures in Australia

01/07/2021

Paper outlines suggestions for mandatory climate risk disclosures to be introduced in Australia over the next four years.

Market Infrastructure

New Licensing Rules Take Effect for FIs in China

30/06/2021

From 1 July, regulators will reissue new licences to banks and insurers, valid for one year, to allow for a transition and exchange period.

China, EU to Finalise Climate Taxonomy By Year-End

30/06/2021

A PBOC official reportedly said experts working on the common taxonomy are expected to complete the final version by the end of this year.

CSRC Approves DBS Stake in Shenzhen Rural Commercial Bank

30/06/2021

DBS will become the largest shareholder of Shenzhen Rural Commercial Bank, paving the way for its expansion in the GBA.

Enforcement

Ex-Shanghai Clearing House Chief Expelled from CCP for Corruption

30/06/2021

Xu Zhen has been expelled from the CCP for borrowing large sums of money using the SCH’s management services and accepting bribes.