Securities / Derivatives

HKEX Preparing to Launch New IPO Platform, FiNI

24/09/2020

The new IPO platform will streamline current IPO processes and shorten the time between IPO pricing and the listing of new shares.

ESG / Sustainability

Korea FSS Calls on Financial Sector to Disclose Climate Risks

24/09/2020

The FSS plans to release guidelines on the disclosure of environmental information and develop a tool to stress test financial resilience to climate risk.

AML / KYC

Westpac, AUSTRAC Close to Settlement Over AML Breaches

24/09/2020

The final penalty amount, which could reach as high as A$1.5bn, is expected to be announced at a joint press conference in coming days.

Securities / Derivatives

SFC Identifies Cybersecurity Deficiencies at Internet Brokers

23/09/2020

The SFC found deficiencies relating to two-factor authentication, data encryption, session timeout, monitoring and surveillance, among other areas.

Market Infrastructure

Malaysia Completes First KLIBOR-SOFR Cross-currency Basis Swap

23/09/2020

The USD 100 million trade was the first MYR – USD cross-currency transaction referencing the USD SOFR, which will replace USD LIBOR.

ESG / Sustainability

EBA Seeks Input from Banks on ESG Risk Disclosure Practices

23/09/2020

The survey will support the EBA’s policy work on Pillar 3 disclosure and its wider efforts to develop a robust policy framework in the area of sustainable finance.

APRA Offers Guidance on Handling of Deferred Loans

23/09/2020

Banks should immediately inform APRA and ASIC if they experience issues collecting on loans with repayment deferrals.

Securities / Derivatives

SEBI Issues Risk Management Rules for Negative Commodity Prices

23/09/2020

Clearing corporations are directed to ensure their systems are ready to implement the alternate risk management framework by 21 November.

Securities / Derivatives

Thailand to Lift Short-selling Restrictions Next Week

23/09/2020

As market volatility has returned to normal levels, SET and TFEX will return to its normal short selling rules and its normal ceiling and floor limits.