Enforcement

CBIRC Penalises Two State-Owned Banks for Violations

02/09/2020

Agricultural Bank of China and China Construction Bank were fined more than a combined 90mn yuan and one individual was banned for life.

Securities / Derivatives

India: New Cash Segment Margin Rules Take Effect

01/09/2020

India’s brokers association had asked for additional time for firms to implement system changes and address operational challenges. SEBI refused the request.

Enforcement

ASIC Four-year Plan Targets Misconduct, Innovation

01/09/2020

In its four year corporate plan, ASIC says it will target misconduct and consumer harm, while also promoting fintech, regtech and suptech innovation.

Securities / Derivatives

Tokyo Stock Exchange to Pilot Test RFQ Functionality

01/09/2020

The initiative is aimed at making ETF trading more efficient by connecting institutional investors, securities companies, and market makers more closely.

Market Infrastructure

KBank, CIMB Thai Complete First OIS Trade Referencing THOR

01/09/2020

KBank and CIMB Thai Bank completed the first overnight indexed swap derivatives transaction referencing Thailand’s new reference rate on Monday.

Big Picture

China Securities Firms to Differentiate with Fintech: KPMG

01/09/2020

Model differentiation and consolidation are expected to be key trends for China’s securities industry going forward, according to a new report from KPMG.

Securities / Derivatives

Bloomberg, CFETS Jointly Launch CIBM-Direct RFQ Service

01/09/2020

The new electronic trading service further facilitates global investors’ access to trade onshore Chinese bonds with onshore market makers in the interbank market.

Crypto / Digital Assets

SGX Completes Asia’s First Digital Syndicated Public Corporate Bond

01/09/2020

SGX’s vision is to fully digitalise the end-to-end corporate bond issuance and asset servicing process, according to senior managing director Lee Beng Hong.

Securities / Derivatives

US SEC Approves Rules to Allow Direct Listings on NYSE

31/08/2020

Direct listings allow private companies to raise money without going through the high IPO underwriting fees charged by investment banks.