MARKET INFRASTRUCTURE

Market Infrastructure

Japan Publishes Conclusions from Asset Management Task Force

By Manesh Samtani | 14/12/2023

The FSA published a report outlining proposals to develop Japan’s asset management industry and encourage households to invest their savings.

Market Infrastructure

PBOC Establishes Yuan Clearing Arrangement With Serbia

By Editors | 13/12/2023

Agreements to establish yuan clearing arrangements have also recently been signed with Cambodia, Brazil, Kazakhstan, Laos and Pakistan.

Market Infrastructure

Taiwan Consults US Experts to Protect Banks from Cyberattacks

By Nithya Subramanian | 13/12/2023

Though 55 percent of APAC’s malicious cyberthreats targeted Taiwan this year, it has “near-zero capability” to defend itself.

Enforcement

HK’s Market Sounding Rules Could Impact Decision-making Dynamics

By Nithya Subramanian | 13/12/2023

Market participants have sought clarity on the definition of non-public information and jurisdiction from Hong Kong’s SFC.

ESG / Sustainability

Climate Action Data Trust Launches Public Dashboard

By Editors | 13/12/2023

The dashboard incorporates datasets from Verra, Global Carbon Council, EcoRegistry, BioCarbon Registry, the UNFCCC’s Clean Development Mechanism, and Bhutan’s national registry.

Big Picture

BIS Paper Offers Guidance on Housing-related Financial Stability Risks

By Editors | 12/12/2023

The report outlines lessons from 14 jurisdictions on the use of macroprudential policies to mitigate financial stability risks associated with the housing market.

Market Infrastructure

China Issues Draft Cybersecurity Incident Reporting Rules

By Editors | 12/12/2023

The rules require “large, severe, or extremely severe” cybersecurity incidents to be reported within one hour.

Market Infrastructure

China Issues New Rules to Boost Cross-Border Trade and Investment

By Editors | 12/12/2023

Technology firms can more easily borrow funds from overseas and foreign-invested firms can more easily invest funds raised overseas for domestic reinvestment.

Market Infrastructure

Korea Enhances Executive Accountability for Internal Control Failures

By Manesh Samtani | 11/12/2023

Similar to the UK regime, financial firms will have to document the responsibilities of their executives, who would face disciplinary action if they fail to fulfill their duties.