Enforcement

Major Indian Bourses Suspend Karvy Trading Licences

04/12/2019

BSE, NSE, MCX, MSEI suspend Karvy Stock Broking; NSDL returns to 90% of clients the securities that were illegally pledged at lenders by Karvy.

Indonesia Mulls New Singapore-Style Sovereign Wealth Fund

04/12/2019

According to reports, the proposal is backed by three ministries and seeks to ensure greater support for local technology startups and overly indebted SMEs.

Securities / Derivatives

KRX Introduces Measures to Stimulate Repo Markets

03/12/2019

Korea Exchange has expanded the scope of investors permitted to participate in its repo market to include pension funds, insurance companies and collective investment vehicles.

India’s DHFL to Undergo NCLT Bankruptcy Proceedings

03/12/2019

The National Company Law Tribunal has allowed the RBI to start insolvency proceedings against the troubled mortgage lender Dewan Housing Finance Limited under the new bankruptcy rules for financial firms.

Capital / Liquidity

China to Double Number of Firms Allowed to Securitise NPLs

03/12/2019

Standard Chartered and the four large national bad debt managers are among the firms allowed to sell NPL-backed securities as China looks to expand its 2016 plan to clean up bank balance sheets.

Securities / Derivatives

Korea FSS Pledges to Improve Environment for Foreign FIs

03/12/2019

At a meeting with bank and asset manager heads, the FSS promised to lower regulatory and operational barriers for foreign firms looking to enter Korea’s financial markets.

Market Infrastructure

China Issues Measures to Clean Up Credit Ratings Industry

03/12/2019

The measures are part of China’s efforts to clean up the ratings industry and open up to foreign competition, in order to boost foreign participation in the domestic bond markets.

Securities / Derivatives

SEBI Sets Earlier Cut-Off Time for Commodity Margin Computations

03/12/2019

The 5pm cut-off, compared to 11.30pm currently, will make it easier for trading members to compute and collect client margins, effective from April 2020.

Securities / Derivatives

BSP Relaxes Requirements on Issuance of Debt Instruments

03/12/2019

Related companies of issuing banks are allowed to underwrite or arrange LTNCTDs, bonds and commercial papers, subject to certain conditions.