Market Infrastructure

HKEX Suspends VCM on HSI Futures Due to Software Issue

28/10/2022

An external vendor is preparing a software update to fix an issue that caused the VCM to be inadvertently triggered on Tuesday.

ESG / Sustainability

SGX to Launch Futures Based on MSCI Climate Action Indexes

28/10/2022

Futures contracts based on MSCI’s new Climate Action Indexes will help investors reduce the carbon footprint of their portfolios and drive investment into climate transition efforts.

HKMA Streamlines Requirements on Use of Tech in Lending

28/10/2022

The streamlined requirements will help lenders accelerate the adoption of advanced data analytics in credit underwriting.

Capital / Liquidity

BOK Offers More Measures to Stabilise Korean Markets

28/10/2022

BOK eased its collateral policies and opened a new repo facility. The FSC adjusted the loan-to-deposit ratio. KSFC and KDB are providing liquidity to securities firms.

Enforcement

Australia Increases Penalties for Anti-Competitive Conduct

28/10/2022

Maximum penalties for companies can be as high as A$50mn, three times the benefit derived from a breach, or 30% of annual turnover.

ESG / Sustainability

SGX RegCo Consults on Independent Director Tenure Limit

28/10/2022

The consultation also proposes to require listed companies to disclose director and CEO remuneration in annual reports on a named basis.

ASIC Calls Out Noncompliance With Breach Reporting Regime

28/10/2022

Not enough licensees are reporting, and they are taking too long to identify breaches, investigate them, and finalise remediation.

HKMA Confirms Health Arrangements for Upcoming Financial Forum

28/10/2022

Hong Kong Financial Secretary Paul Chan, who is due to deliver a keynote speech at the event, has tested positive for Covid-19 while in Saudi Arabia.

Capital / Liquidity

Taiwan FSC Proposes Rule Changes for Futures Brokers

28/10/2022

Some futures firms will be able to allocate more of their special surplus reserves towards dividend payments.