Market Infrastructure

China Capital Markets Reaching Inflection Point: ASIFMA

17/06/2019

New ASIFMA report says China’s capital markets are reaching an inflection point, and provides 103 recommendations to facilitate their further development.

Market Infrastructure

SEBI Issues Stricter Disclosure Norms for Ratings Agencies

17/06/2019

Enhanced disclosure guidelines will require rating agencies to disclose default probabilities, factors that can impact ratings, and issuers’ liquidity positions.

Securities / Derivatives

BNM Issues Draft Rules for Electronic Trading Platforms

17/06/2019

BNM has issued a policy document laying out its expectations of companies providing electronic trading platforms in the FX and money markets.

Capital / Liquidity

PBOC Extends Liquidity Support to Smaller Banks

17/06/2019

Liquidity will be provided by increasing rediscount and standing lending facility quotas, as concerns mount over the potential risks of smaller banks.

Enforcement

ANZ in Compliance With Fees-For-No-Service Enforceable Undertaking

17/06/2019

ASIC is satisfied with ANZ’s compliance with a March 2018 court enforceable undertaking related to the bank’s fees for no service issue.

Securities / Derivatives

India INX Launches Trading Platform for Green Bonds

17/06/2019

BSE-owned India INX has listed the bonds of three Adani-group subsidiaries on its new green bonds platform.

Enforcement

APRA Uses New Directions Powers Against AMP Super

17/06/2019

AMP superannuation units have been ordered to make significant changes to their business practices, and to renew and strengthen their board.

Enforcement

SFC, CSRC to Facilitate Cross-Border Investigations

17/06/2019

The SFC and CSRC have agreed on a new cooperative framework to facilitate and coordinate cross-border investigations in “high impact or urgent cases”.

Securities / Derivatives

ICBC US Brokerage Unit Penalised for Unlawful ADR Practices

17/06/2019

ICBC Financial Services LLC will pay over $42m to the US SEC for improper handling of ‘pre-released’ ADRs, and $3m to the DOJ for conspiring to rig bids related to the release of ADRs.