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.

AML / KYC

European Commission Publishes Strategy to Combat Human Trafficking

20/04/2021

The 5-year strategy includes the use of financial investigations and the development of a framework to identify, seize and confiscate criminal assets.

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.