Market Infrastructure

Market Infrastructure

China Passes Data Security Law, Effective in September

By Manesh Samtani | 15/06/2021

Companies that provide data to foreign judicial or law enforcement agencies without approval can have their business licences revoked and be penalised up to CNY 5 million.

Market Infrastructure

Credit Risk, Shadow Banking Present Ongoing Concerns: CBIRC

By Editors | 15/06/2021

CBIRC chairman Guo Shuqing has highlighted credit risk, shadow banking, illegal fundraising, and derivatives trading as key sources of financial system risk.

Market Infrastructure

Shenzhen to Further Open to Foreign Financial Institutions

By Editors | 14/06/2021

Shenzhen’s five-year plan calls for the establishment of foreign-controlled securities firms, investment funds, futures companies and insurers in the city.

Market Infrastructure

ISDA Consults on Fallbacks for GBP & USD LIBOR ICE Swap Rates

By Editors | 14/06/2021

Current fallbacks are not expected to be able to function effectively upon a permanent cessation of the GBP and USD LIBOR ICE Swap Rates.

Market Infrastructure

ASIC Extends Transitional Relief for Foreign Financial Services Firms

By Editors | 13/06/2021

ASIC is extending transitional relief provided under its new regulatory framework for foreign firms pending the outcome of the government’s announced reforms.

Crypto / Digital Assets

Task Force Created to Align Digital Token Identifier With ISIN

By Editors | 12/06/2021

The task force is a joint collaboration between Etrading Software, the registration authority for the new ISO standard for DTIs, and ANNA.

ESG / Sustainability

PBOC Set to Begin Assessing Banks’ Green Finance Performance

By Manesh Samtani | 12/06/2021

The PBOC will begin quarterly assessments of 24 major banks on their green finance performance under a new evaluation system starting 1 July.

Market Infrastructure

CBIRC Finalises Corporate Governance Guidelines for Banks, Insurers

By Manesh Samtani | 11/06/2021

Directors are required to treat shareholders fairly and guarantee their rights, demonstrate high standards of professional ethics, and protect the rights and interests of stakeholders.

Market Infrastructure

Regulatory Harmonisation Critical to OTC Derivatives Reporting

By Priya Kundamal | 11/06/2021

The fragmentation of trade reporting rules and the lack of a common data set across jurisdictions hinders transparency and global risk monitoring, writes DTCC’s Priya Kundamal.