Clearing & Post-Trade

LME Doubles Default Fund Size Amid Metals Volatility

27/03/2022

The default fund size will increase to from $1.1bn to $2.075bn, adding to financial strains experienced by brokers, traders and banks.

Structural Regulation

Speculation of Deal on Chinese Audits ‘Premature’, says PCAOB

27/03/2022

The PCAOB said it is unclear whether full access to relevant audit documentation will be granted, and that any agreement would only be a “first step”.

Cryptocurrency

OECD Proposes Tax Reporting Framework for Crypto-assets

27/03/2022

The framework would require intermediaries to identify their customers and their tax jurisdictions, and then report their aggregate transaction values annually.

Trading & Investment

Egypt Becomes First Middle East Nation to Issue Samurai Bonds

27/03/2022

Egypt has become the first country in the Middle East to issue samurai bonds in the Japanese market.

Market Abuse

SEBI Probes Investment Banks Over Possible Insider Trades

27/03/2022

SEBI’s new AI-based surveillance systems have detected possible insider trades by related parties of investment bankers.

Structural Regulation

Thai SEC Proposes to Ease Merger Process for Securities Firms

27/03/2022

Securities and derivatives businesses that are merging can preemptively apply for a permit for new entities formed post-transaction to begin operating more quickly.

Market Data & Technology

HKEX to Provide Investor Relations Platform to Listed Companies

26/03/2022

The new portal will launch in Q3, offering listed issuers a way to develop and manage their investor relations activities.

AI Risk & Governance

Guangzhou to Pilot Regulatory Sandbox for Capital Markets

26/03/2022

Applications from capital markets firms looking to participate in the fintech regulatory sandbox are being accepted until 15 April 2022.

Structural Regulation

Philippines Relaxes Foreign Ownership Caps in Key Sectors

26/03/2022

The 85-year-old Public Service Act has been amended to allow full foreign ownership in the airlines, telecommunications, shipping, railway and irrigation sectors.