Securities / Derivatives

Japan Registers First Foreign Firm Through Dedicated ‘Entry Office’

20/04/2021

The subsidiary of UK firm Affirmative Investment Management Partners registered to conduct investment advisory and agency business.

Enforcement

Chinese Court Accepts First Class Action Against Listed Company

20/04/2021

The CSRC said the lawsuit will help listed companies and intermediaries to improve their internal governance and standardise market operations.

Market Infrastructure

BCBS to Discuss Archegos Collapse, Total Return Swaps

20/04/2021

The BCBS will intensify scrutiny of structured financial products and total return swaps, according to Secretary General Carolyn Rogers.

Market Infrastructure

Industry Bodies Urge EU, UK to Link Emissions Trading Systems

19/04/2021

Linking the systems ahead of COP 26 would reaffirm the UK and EU as climate leaders and demonstrate strong advocacy for international carbon markets.

Big Picture

ECB Calls for Common Standards for DLT Use in Post-Trade

19/04/2021

Common protocols and standards are needed to improve the use of DLT in post-trade processes and avoid market fragmentation.

AML / KYC

China Cracks Down on Payments from Underground Banks

19/04/2021

Criminal groups reportedly colluded with underground banks to launder money by disguising their illegal proceeds as payments for goods.

Crypto / Digital Assets

Gary Gensler Sworn Into Office as New SEC Chair

18/04/2021

Gary Gensler was sworn in as the new SEC chairman three days after the US Senate voted to approve his nomination.

Rising Asset Prices May Risk Financial Stability: RBA

18/04/2021

A correction in asset prices, if borrowers’ income were to fall and so they defaulted on debt repayments, could expose lenders to large losses.

Enforcement

China May Transfer Huarong to Sovereign Wealth Fund – Report

16/04/2021

Huarong’s failure to publish its earnings by its 31 March deadline has prompted concerns of a default by China’s largest distressed debt manager.