Korea to Introduce 40-Year Mortgages from 1 July

23/06/2021

Young adults and newly married couples will be eligible to apply for 40-year home mortgage loans under a government-sponsored programme.

Market Infrastructure

CSRC Standardises Assignment of Settlement Participant Codes

23/06/2021

The new standards will facilitate data sharing between FIs and within settlement participants, thereby promoting standardisation and enhancing data governance.

Market Infrastructure

Shenzhen to Establish Fund to Manage Carbon Credit Sales Proceeds

22/06/2021

The fund will manage the income generated from selling carbon credits, primarily using it to finance green projects in Shenzhen.

Securities / Derivatives

SEBI Allows Mutual Funds to Trade IRS for Hedging

22/06/2021

SEBI says mutual fund schemes may enter into plain vanilla interest rate swaps for hedging purposes.

Fintech / Regtech

China’s Sichuan Province Bans Crypto Mining Activity

22/06/2021

Over 90% of China’s bitcoin mining capacity has effectively been shut down, after bans were imposed in key mining hubs in the country.

ESG / Sustainability

Japan Panel Offers Recommendations on Sustainable Finance

22/06/2021

The panel says the FSA should introduce a code of conduct for ESG data providers and develop an information platform for ESG-related bonds.

Market Infrastructure

CBIRC Issues Draft Rules for Major Bank Shareholders

21/06/2021

Major shareholders cannot use borrowed funds to invest in banks, take out loans from the banks they invest in, or have cross-shareholdings with other banks.

Securities / Derivatives

SEBI Planning Dedicated Framework For SPACs – Report

21/06/2021

To allow SPACs in India, SEBI would have to either introduce a separate law or amend current regulations.

AML / KYC

Basel Institute on Governance Takes Stock of Illicit Enrichment Laws

21/06/2021

While some intricacies regarding illicit enrichment laws are yet to be properly tested in courts, they have “remarkable potential” in the field of asset recovery.