Securities / Derivatives

BOK to Launch New Loan Programme for Brokers, Insurers

16/04/2020

Under the programme, corporate bonds rated AA or higher are eligible as loan collateral, a major shift for the BOK which has traditionally only bought government debt.

Securities / Derivatives

ASIC Updates Guidance on Active ETF Internal Market Making

16/04/2020

Active ETFs are asked to rely on publicly available information for market making quotes, and to establish internal information barriers.

AML / KYC

SEBI Seeks Details on UBOs of Chinese, Hong Kong FPIs

16/04/2020

Prompted by the PBOC raising its stake in HDFC to over 1%, SEBI is reportedly concerned that Indian companies may face takeover threats from Chinese investors.

Market Infrastructure

ISDA to Add Pre-cessation Trigger to LIBOR Fallback Provisions

16/04/2020

A significant majority of respondents favour including both pre-cessation and permanent cessation fallbacks as standard language in the amended 2006 ISDA Definitions for LIBOR.

APRA Announces New Commencement Dates for Prudential Standards

16/04/2020

The new commencement dates relate to initial margin requirements and APRA’s prudential standards on information security, credit risk management and related entity exposures.

G20 Agrees to Suspend Debt Payments for Low Income Nations

15/04/2020

The G20 is also calling on private creditors, working through the Institute of International Finance, to participate in the initiative “on comparable terms”.

AML / KYC

US Returns $300m of Misappropriated 1MDB Funds to Malaysia

15/04/2020

The funds includes proceeds from assets that Malaysia financier Jho Low allegedly bought with stolen 1MDB money before his $700mn forfeit last year.

Big Picture

Hedge Funds Have Sufficient Liquidity, Low Leverage: IOSCO

15/04/2020

Hedge funds were found to have sufficient portfolio liquidity to meet investor redemption demands under normal market conditions, based on end-September 2018 data.

Securities / Derivatives

Malaysia, Shenzhen Bourses Enter MoU on Cross-border Collaboration

15/04/2020

The MoU will facilitate the display and joint promotion of Bursa Malaysia and SZSE benchmark indices in each other’s markets.