Credit Risk

CSRC Tightens Rules for Bond Funds to Reduce Risk

03/04/2023

New bond funds can only invest up to 20 percent of portfolios in bonds rated AA+, compared with 50 percent previously.

Alternative Markets

Hong Kong Exchange Lists First Ever Catastrophe Bond

03/04/2023

The $350mn catastrophe bond offers protection against losses related to earthquake risks in Chile over the next three years.

Conduct, Culture & Accountability

UK Launches Review of Senior Managers Accountability Regime

03/04/2023

The review seeks stakeholders’ views to identify ways to improve operational and legal aspects of the Senior Managers and Certification Regime.

Structural Regulation

Bursa Malaysia Finalises Rules for LEAP-to-ACE Listing Transfers

03/04/2023

Bursa Malaysia’s Julian Hashim said the amendments offer a clearer roadmap for LEAP companies aiming to graduate to the ACE Market.

Trading & Investment

JPX to Launch Index of Stocks that Focus on Value Creation

03/04/2023

The index will comprise 150 Prime Market companies that are expected to create value based on financial performance or market valuation.

Supervision & Enforcement

Swiss Prosecutor Opens Criminal Probe Into Credit Suisse Takeover

03/04/2023

The prosecutor is looking into potential breaches of Switzerland’s criminal law by government officials, regulators and bank executives.

Cryptocurrency

Crypto Firm Bittrex Announces Decision to Exit US Market

03/04/2023

A lack of regulatory clarity makes it economically unviable for Bittrex to continue operating in the US. The global platform will continue operating.

Cryptocurrency

US Futures SRO Issues New Rule for Crypto Activities

03/04/2023

The compliance rule covers anti-fraud, just and equitable principles of trade, disclosure, and supervision requirements for spot bitcoin and ether trading.

Payments & Settlements

China, Brazil Abandon US Dollar as Intermediary Currency

03/04/2023

China and Brazil will exchange renminbi and reals directly to settle trade and financial transactions.