Structural Regulation

China Outlines Plan for Shifting Enterprise Bond Oversight to CSRC

30/04/2023

Enterprise bonds, mainly issued by large state-owned enterprises, have to date been subject to oversight and supervision by the NDRC.

Market Abuse

Korean Authorities Probe Manipulation in Eight Stocks

30/04/2023

Prosecutors have issued travel bans on ten individuals who are suspected of engaging in stock price manipulation activities.

Credit Risk

Hong Kong Further Extends Repayment Period for Trade Loans

30/04/2023

Existing trade facilities falling due between May and July 2023 can be extended by a further 90 days, the HKMA said.

Climate Risk

Report Offers Recommendations to Finance GBA Net Zero Transition

30/04/2023

Report from WRI China calls for the establishment of a cross-regional agency coordination mechanism for financing decarbonisation in the GBA.

Trading & Investment

Korea Takes Measures to Address Fraudulent IPO Subscriptions

30/04/2023

IPO bookrunners must verify institutional investors can pay for stocks before allotment; risk weight for carbon emissions rights is reduced.

Market Risk

ECB Scrutinising Bond Losses at European Banks

30/04/2023

The ECB is asking banks about their practices for hedging interest rate risk, including to assess whether risks have been shifted to nonbanks.

Payments & Settlements

China Uses CNY Cross-border More than USD for First Time

30/04/2023

The yuan was used in 48.4 percent of China’s cross-border transactions in March, compared to 46.7 percent for the dollar.

Market Abuse

SEBI Imposes 7-Year Market Ban Against Karvy Stock Broking

29/04/2023

Karvy Stock Broking Limited was found to have misused clients’ assets in 2019, by pledging them as collateral to borrow funds from banks and NBFCs.

Conduct, Culture & Accountability

ASIC Updates Guidance for Reportable Situations Regime

29/04/2023

ASIC says the focus of the update is to improve consistency and quality of reporting practices and reduce the regulatory burden on licensees