Trading & Investment

JSDA Takes Steps to Increase Bond Market Transparency – Report

27/06/2020

New corporate bond offerings often go partially unsold without the knowledge of issuers. JSDA is reportedly considering requiring underwriters to disclose investor information to issuers.

Structural Regulation

SEBI Eases Fundraising Rules for Stressed Listed Companies

27/06/2020

SEBI has relaxed pricing rules for preferential issues to make it easier for listed companies to raise new funds. Similar relaxations for stressed companies were also announced.

Trading & Investment

Cambodia Takes Steps to Develop Commodity Futures Market

27/06/2020

A feasibility study on commodity futures trading is being conducted by the securities regulator and Chinese conglomerate Ruifeng Tianfu Investment.

Liquidity Risk

FSC Korea Revises Liquid Asset Requirements for Repo Borrowers

27/06/2020

The liquid asset holding requirements for repo market borrowers such as hedge funds will gradually increase in three stages from July until April 2021.

Clearing & Post-Trade

CPMI-IOSCO Describes Work Needed to Improve CCP Auctions

27/06/2020

CPMI and IOSCO have asked CCPs to address a number of issues related to default management auctions within 24 months.

Structural Regulation

RBI Issues Guidelines on Use of Digital Lending Platforms

26/06/2020

Digital lending platforms often do not disclose the name of the bank or NBFC providing the loaned funds. Under the new rules they will have to.

Market Abuse

CSRC Imposes Record Penalty in Insider Trading Case

26/06/2020

A Shanghai entrepreneur and his daughter were penalised a total 3.6bn yuan, representing a record fine and confiscation of illegal gains.

Structural Regulation

Ping An OneConnect Bank to Pilot Virtual Banking Services

26/06/2020

Ping An OneConnect Bank is inviting 200 SMEs and 2,000 retail customers to pilot test its virtual banking services in the HKMA’s sandbox.

AI Risk & Governance

IOSCO Drafts Guidance on Supervising AI/ML in Financial Markets

25/06/2020

IOSCO proposes six measures to assist members in creating appropriate regulatory frameworks to supervise market intermediaries and asset managers that use AI and ML.