Structural Regulation

Structural Regulation

Group of Seven Agrees to ‘Sizeable’ Increase in IMF Reserves

By Editors | 24/03/2021

The G7 has also agreed to work with the IMF to enhance transparency and accountability around the usage of SDRs.

Structural Regulation

ASIC to Adopt ‘No-Action’ Position to Facilitate Virtual AGMs

By Editors | 24/03/2021

ASIC supports the holding of meetings using appropriate technology and the electronic dispatch of notices of meetings including supplementary notices.

KYC & CDD

Australian Treasury Consults on New Director ID Regime

By Ranamita Chakraborty | 23/03/2021

The director ID regime will help to promote good corporate conduct, deter illegal phoenix activities, and facilitate traceability of directors over time.

PEPs & Sanctions

Beijing Financial Court Created to Counter US Long Arm Jurisdiction

By Sanday Chongo Kabange | 23/03/2021

The extraterritorial application of China’s financial laws will play a bigger role in opening up the domestic market, the Supreme People’s Court said.

Structural Regulation

CBIRC Probes Reveal 19,900 Shareholder Violations at Rural Banks

By Editors | 22/03/2021

Over 70 percent of the violations have so far been resolved; 281 institutions were fined a total CNY 150 million; 711 shareholders were fined CNY 20.4 million.

Trading & Investment

HKMC Signs Infrastructure Financing MoUs with Five Banks

By Manesh Samtani | 22/03/2021

The partner banks will identify infrastructure-related loan assets for the HKMC’s Infrastructure Financing and Securitisation business.

Trading & Investment

BOJ Scraps ETF Buying Target, Tweaks Yield Curve Controls

By Editors | 22/03/2021

The BOJ is scrapping its JPY 6 trillion annual target for buying ETFs, but will keep the JPY 12 trillion annual ceiling. The BOJ now owns about 7% of the Japanese equity market.

Structural Regulation

Malaysia Grants Fee Waivers, Rebates on Listing Related Fees

By Editors | 21/03/2021

Processing fees, prospectus registration fees, initial fees and annual listing fees will be provided to companies seeking a listing, while companies already listed can receive rebates.

Conduct, Culture & Accountability

New Financial Consumer Protection Law to Take Effect in Korea

By Sanday Chongo Kabange | 21/03/2021

The law expands consumer rights, raises penalties for breaches, and requires FIs to set up internal controls to protect consumers.