Sustainable Finance

FSC Korea Outlines Additional Green Finance Initiatives

29/01/2021

The FSC plans to draw up a climate risk management and oversight plan for FIs by March and develop a green taxonomy within H1.

Anti-Money Laundering

China Shuts Down Cross-border Gambling, Payments Platforms

20/01/2021

The Ministry of Public Security arrested over 75,000 suspects and shut down thousands of online gambling platforms, payment platforms and underground banks in 2020.

Resolution & Recovery

Australia: Xinja Bank Completes Return of Customer Deposits

19/01/2021

Australian neobank Xinja announced in December that would be exiting the market, just 15 months after receiving its licence.

Reporting & Disclosures

Thailand SEC Declares Support for TCFD, Enhanced ESG Disclosures

18/01/2021

The move will lead to better disclosure of ESG information in the capital market, including information related to greenhouse gas emissions.

Liquidity Risk

Korea Announces Additional Support to Covid-19 Hit Businesses

18/01/2021

The funding support includes additional support for small merchants, a new special lending programme, and additional funding for distressed asset manager KAMCO.

Market Abuse

FSC Korea Prepares to Lift Ban on Illegal Short Selling

16/01/2021

The FSC has revised the FSCMA enforcement decree as part of efforts to strengthen penalties for illegal short selling, as it prepares to lift a ban on short selling in March.

Trading & Investment

China to Accelerate Development of Domestic Derivatives Market

22/12/2020

China’s financial futures and options market “far lags” market participants’ growing needs to manage their risks, said CSRC vice chairman Fang Xinghai.

Supervision & Enforcement

US SEC Penalises Robinhood $65m for Misleading Customers

21/12/2020

The SEC said Robinhood misled customers into believing trading was commission free, while it executed customers’ orders at inferior trade prices costing them $34mn.

Structural Regulation

SEBI Consults on New Rules for Index Providers

15/12/2020

SEBI proposes rules for index providers that conform to IOSCO requirements, to align India’s practices with those observed in foreign jurisdictions.