Market Infrastructure

LCH Extends Central Clearing for SORA Derivatives to 31 Years

21/06/2022

The extension will encourage further development of the SORA derivatives market and deepen liquidity in longer tenors of SORA OIS.

Securities / Derivatives

LME to Introduce New Reporting Requirements on 18 July

20/06/2022

A lack of transparency in OTC positions was a key reason the LME struggled to manage the turbulent nickel trading earlier this year.

Enforcement

RBI Releases Mastercard from Restrictions Imposed Last Year

20/06/2022

Mastercard was barred from onboarding new domestic customers in July last year due to noncompliance with India’s data storage rules.

Capital / Liquidity

FSC Korea Unveils Plans for Loosening Household Loan Rules

20/06/2022

Most debtors will still be subject to income-based restraints. A refinancing programme will allow borrowers to convert variable-rate mortgages to long-term fixed-rate mortgages.

Big Picture

BIS Bulletin Raises Concerns Over Front-running by Crypto Miners

20/06/2022

Crypto miners can choose which transactions they add to ledgers and in which order, allowing them to front-run markets.

Securities / Derivatives

Thai SEC Directs Listcos to Exercise Prudence in Crypto Business

20/06/2022

Circulars were sent to listed companies regarding digital assets. The SEC’s final advertising rules will take effect on 16 July. Huobi has exited the Thai market.

Crypto / Digital Assets

Korea Crypto Exchanges Agree Measures to Prevent Terra-style Losses

20/06/2022

Under a new system being proposed, crypto exchanges will coordinate to stop trading in tokens that become excessively volatile within 24 hours.

Securities / Derivatives

Taiwan Revises Bond Issuance Rules for Financial Groups

20/06/2022

Financial holding companies will be able to issue corporate bonds in batches over up to two years using a single approval granted by the FSC.

Crypto / Digital Assets

BIS Innovation Hub Announces New Set of Projects

20/06/2022

The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.