Securities / Derivatives

CSRC Bars Brokers from Facilitating ‘Shadow’ Margin Financing

14/03/2019

The CSRC is prohibiting brokers from any business that could facilitate informal margin financing, which it has flagged as a potential source of risk.

Market Infrastructure

Climate Change Poses Financial Stability Risk – RBA

14/03/2019

Financial stability could be put at risk from the physical impact of climate change and “an abrupt disorderly transition” to a low-carbon economy.

Market Infrastructure

MAS, CFTC Agree to Mutually Recognise Derivatives Venues

14/03/2019

The agreement enables US and Singapore OTC derivatives participants to trade with one another on the same platforms, allowing for more efficient risk management.

Market Infrastructure

China Foreign Stock Ownership Limits Impede Market Opening

13/03/2019

Chinese regulators will need to ease foreign ownership restrictions to ensure its listed companies are able to remain in MSCI’s benchmark indexes.

Market Infrastructure

Australia Reverses Course on Mortgage Broking Trail Commissions

13/03/2019

Following strong industry backlash, the Australian government has decided not to prohibit trail commissions for mortgage brokers, and instead conduct a review into the issue in 3 years.

Market Infrastructure

Exactpro Delivers Test Strategy for HKEX’s New Post Trade System

13/03/2019

QA services provider Exactpro has completed a review of the testing processes and delivered a set of test strategy recommendations for Phase 1 of HKEX’s NextGen Post Trade Programme.

Market Infrastructure

China’s Baihang Credit Now Connected to Over 600 Databases

13/03/2019

The databases of more than 600 are now connected to Baihang Credit, China’s first market-based personal credit agency, according to PBOC deputy governor Chen Yulu.

Securities / Derivatives

India Scraps FPI Investment Cap for Corporate Bonds

13/03/2019

In response to market feedback, SEBI has dropped the 20% cap on foreign portfolio investors’ investment in corporate bonds.

Market Infrastructure

FSB to Explore Hazards of Leveraged Loan Market – Report

12/03/2019

In particular, the FSB will look at collateralised loan obligations to identify which institutions hold them and assess the risks they may pose in the event of a downturn.