Trading & Investment

UPDATED – First Brokers Approved to Use TSE’s CONNEQTOR Platform

22/11/2020

CONNEQTOR enables institutional investors who want to trade a particular ETF at a particular quantity to send an RFQs to market makers.

Payments & Settlements

HKMA Expands List of Eligible Collateral for RMB Facility

21/11/2020

Eligible collateral will include RMB, USD and EUR debt securities issued offshore by China’s central bank, Ministry of Finance or policy banks.

Structural Regulation

NAFMII Issues New Rules for Interbank Bond Market

20/11/2020

The rules prohibit issuers from directly subscribing to their own bonds in the interbank market or buying them indirectly through affiliates or asset management products.

Operational Risk

APRA Halves CBA Operational Risk Capital Add-on

20/11/2020

CBA has made “significant progress” in areas such as risk management and compliance, remuneration and risk culture, APRA says.

Trading & Investment

FSC Korea to Enable Greater Retail Participation in IPOs

20/11/2020

From next month, the retail allocation of IPOs shares will increase from 20% to 30%, and a fairer approach to allocations will be adopted.

KYC & CDD

JP Morgan Becomes Global LEI System’s First Validation Agent

19/11/2020

JP Morgan issued the first LEI under the new Validation Agent model with LEI issuer, Business Entity Data, a wholly-owned subsidiary of DTCC.

Climate Risk

KRX Launches Index Tracking Carbon Efficiency of Listed Companies

19/11/2020

The index assigns weightings based on carbon-to-revenue footprints calculated using information in sustainability reports, annual reports, ESG reports, and other publicly disclosed sources.

Trading & Investment

AllianceBernstein Seeks CSRC Approval for China Mutual Fund Unit

19/11/2020

US fund manager AllianceBernstein’s Hong Kong unit has applied to set up a mutual fund unit in China.

Capital Adequacy

HKMA Consults on Local Implementation of Final Basel III Reforms

19/11/2020

The consultation is open until 6 January 2021, ahead of industry engagement in 2021, legislative amendments in 2022, and a 1 January 2023 target implementation date.