Trading & Investment

Swap Connect Launch Facing Likely Delay – Report

25/11/2022

Opening China’s USD 5 trillion swap market to foreign investors will enable them to better manage interest rate risks arising from Chinese bond investments.

Structural Regulation

ASIC Issues Updated Guidance on ETP Naming Conventions

25/11/2022

ETP naming conventions are divided into two levels: primary labels which indicate product type, and secondary labels which indicate specific risks or strategies.

Structural Regulation

SGX Issues New Standards for Virtual/Hybrid General Meetings

25/11/2022

The standards cover the functional capabilities, availability levels, and recovery provisions of systems that enable issuers to hold virtual and hybrid general meetings.

Sustainable Finance

HKEX Carbon Marketplace ‘Well Received’ by Market

24/11/2022

In the four weeks since its launch, Core Climate has recorded more than 40 trades, representing around 400,000 tonnes of carbon credits.

Clearing & Post-Trade

DBS Completes First Intraday Repo Trade on JPM Blockchain Network

24/11/2022

DBS said it is the first Asian bank to complete an intraday repo transaction using the Onyx network, created by JP Morgan in 2020.

Anti-Money Laundering

AUSTRAC Directs ING Australian Units to Uplift AML/CTF

24/11/2022

Two ING entities are required to improve their AML/CTF programmes, ML/TF risk assessment, IFTI and SMR reporting, and transaction monitoring.

Structural Regulation

BSEC Extends Dividend Restrictions to More Companies

24/11/2022

The restrictions on stock dividends will cover companies listed on the SME platform, OTC Market, and Alternative Trading Board.

Clearing & Post-Trade

ESMA to Simplify Cash Penalties Process Under CSDR

24/11/2022

The amendments simplify the cash penalties process by putting CSDs in charge of collection and distribution, including for CCP-cleared transactions.

Resolution & Recovery

US Federal Agencies Find Shortcoming in Citigroup Resolution Plan

24/11/2022

The agencies said the shortcoming raises questions about the bank’s ability to produce accurate financial information during stress conditions and could undermine its resolution plan.