Securities / Derivatives

S. Korea to Set Up SPV to Support Lower Grade Corporate Debt

22/05/2020

The SPV is a separate initiative from the bond market stabilisation fund, which focused on corporate bonds rated AA and higher.

AML / KYC

BSP Prepares Guidelines to Regulate Virtual Asset Service Providers

21/05/2020

The BSP may require higher capital requirements for VASPs based on their scope, scale of operations and complexity of operations.

Securities / Derivatives

New US Law Could Force Chinese Companies to De-list

21/05/2020

New legislation passed in the US Senate will require companies to submit to an audit that can be reviewed by the PCAOB, and de-list firms that at noncompliant for three years.

Bangladesh: Banks, NBFIs Commit to Disbursing Stimulus Loans

21/05/2020

Bangladesh Bank has signed participation agreements with 44 banks and 23 NBFIs to disburse $1.8bn in loans as part of the government’s stimulus package.

Market Infrastructure

SWIFT Publishes Blueprint to Assist EU Banks in ISO 20022 Transition

21/05/2020

SWIFT will provide new market practice guidelines and free validation and translation software to mitigate the impact of the ISO 20022 delay on EU banks.

Market Infrastructure

Financial Sector Suffers More Cyber Attacks Than Any Other Sector

21/05/2020

But, because the financial sector spends more on IT security and manages the risks better, it also suffers lower costs than other sectors.

Securities / Derivatives

SEBI Provides Exit Route for Franklin Templeton Investors

21/05/2020

Franklin Templeton will be allowed to list units of its six shuttered mutual funds on stock exchanges, providing an alternate exit route to investors whose money is trapped.

Securities / Derivatives

S. Korea to Introduce New Measures to Enhance ABS Markets

21/05/2020

The requirement for ABS issuers to be rated BB or higher will be removed to facilitate the use of securitisation for SME and startup financing, among other measures.

Securities / Derivatives

Fidelity Applies for Approval to Sell Retail Funds in China

21/05/2020

Fidelity already operates four privately managed funds in China targeting institutional clients and high net-worth individuals.