Trading & Investment

CSRC to Allow Backdoor Listings by Property Developers

27/12/2022

The measure is one of several outlined at a recent meeting to bolster the property sector and the capital market in the year ahead.

Clearing & Post-Trade

EU Member States Agree on Revisions to CSDR

27/12/2022

The mandatory buy-in regime would be used as a “measure of last resort”, activated only in the case where the “level of settlement fails would be substantial in the EU.”

Trading & Investment

SHFE Launches Trading in Steel Rebar, Silver Options

27/12/2022

Rebar futures were listed as early as 2009, and silver futures in 2012. With the two new options products, SHFE now offers 20 futures varieties and 8 options varieties.

Trading & Investment

FSC Korea Unveils Measures to Improve IPO Market

27/12/2022

The measures will enhance the process for setting IPO price bands, prevent fictitious oversubscriptions, and improve price discovery upon listing.

Sustainable Finance

SEC Thailand to Allow SME to Issue Sustainability Bonds

27/12/2022

Rule changes will allow SMEs and startups to offer sustainability bonds via crowdfunding and private placement channels.

Fraud, Scams & Cybercrime

Converting Property Loans to Business Loans is Illegal, CBIRC Warns

27/12/2022

Some “unscrupulous intermediaries” have been advertising and promoting “illegal” loan conversion as a way to reduce interest costs.

Emerging Prudential Risks

NYDFS Proposes Guidance on Climate Risk Management

27/12/2022

The guidance focuses on corporate governance; internal control framework; risk management process; data aggregation and reporting; and scenario analysis.

Data Privacy

EU Commission Approves Pilot Use Cases for Digital ID Wallet

27/12/2022

The approved pilots cover payments, travel, and business compatibility. The EU Digital Identity Wallet is expected to go live in 2024.

Conduct, Culture & Accountability

BOE Proposes to Remove Cap on Bankers Bonuses

27/12/2022

Removing the cap will increase the proportion of compensation that can be set by tools such as deferral, payments in instruments, and risk adjustment.