Capital / Liquidity

New Zealand to Introduce Deposit Guarantee Scheme by 2023

22/04/2021

The NZBA’s Roger Beaumont says banks should pay lower levies compared to non-bank deposit takers because they are less likely to call on the scheme.

Capital / Liquidity

Close-out Netting Can Be Guaranteed in Resolution: CBIRC

22/04/2021

Recent bankruptcies by FIs have “fully proved” that close-out netting can be guaranteed in the resolution stage, a CBIRC official said at ASIFMA’s China Capital Markets Week.

Big Picture

BOJ Warns of Post Covid Risks to Financial Stability

21/04/2021

Even after the pandemic subsides, low interest rates will continue to exert downward pressure on FIs’ profits, the BOJ says.

Securities / Derivatives

IIF Calls for Stricter Disclosure, Accounting Rules in A-Share Market

21/04/2021

Despite the attractiveness of Chinese equities, foreign ownership remains lower than in other major markets at 4.3 percent.

Enforcement

Mirae Asset Sues Shinhan Over Lime Fund Losses

21/04/2021

Shinhan Bank has separately been ordered to repay up to 75 percent of investments it sold in Lime’s credit insured funds.

AML / KYC

Taiwan to Require Crypto Sector to Comply with AML Rules

21/04/2021

Crypto exchanges and trading platforms will have to comply with AML requirements for conventional banks starting 1 July.

Crypto / Digital Assets

HM Treasury, BOE Form CBDC Taskforce to Explore ‘Britcoin’

21/04/2021

The taskforce will coordinate work to explore a potential ‘Britcoin’, though a decision has not been made on whether a CBDC would be introduced.

AML / KYC

FSS Korea Mulls New Crypto Rules to Counter ‘Kimchi Premium’

20/04/2021

The plan is a response to growing suspicions that investors are purchasing bitcoin from overseas exchanges with the intent of selling them in Korea at a premium.

ESG / Sustainability

US Treasury Unveils Coordinated Climate Policy Strategy

20/04/2021

The Treasury Department has created a new Climate Hub and appointed a Climate Counsellor to coordinate and lead efforts to address climate change.