Market Infrastructure

Court Rules Foreign Banks Must Face LIBOR Lawsuits in US

26/06/2022

The Supreme Court has allowed lawsuits accusing foreign banks of manipulating LIBOR to be heard in New York even though the banks did not operate in the US.

Securities / Derivatives

CFFEX Proposes to Launch New Derivatives Based on CSI 1000 Index

26/06/2022

New futures and options contracts will be based on the CSI 1000 index, which is considered a comprehensive reflection of the small A-share market.

Securities / Derivatives

SEBI Reviews Plans to Allow FPI Access to Commodity Derivatives

26/06/2022

SEBI asked large market participants to recommend risk management measures needed to allow FPI participation in exchange-traded commodity derivatives.

RBI Gets Recommendations on Streamlining Regulatory Requirements

25/06/2022

The RBI’s Regulations Review Authority has also recommended the total elimination of paper-based returns.

Securities / Derivatives

OJK Indonesia Restricts Stock Trading by Finance Companies

25/06/2022

Indonesia’s OJK also introduced new reporting requirements for securities companies conducting business as underwriters and broker-dealers.

Securities / Derivatives

ICMA Issues Guidance to Promote Bond Settlement Efficiency

25/06/2022

The best practice recommendations cover shaping of settlement instructions, partial settlement, auto-borrowing and netting.

Market Infrastructure

HKEX Instructs Market to Stop Issuing BCANs to Mainland Investors

24/06/2022

The instructions follow a December 2021 consultation from the CSRC that said Mainland investors would not be allowed to engage in northbound Stock Connect trading.

Crypto / Digital Assets

ADDX, CCB Partner to Enable Chinese Offshore Investments

24/06/2022

The CCB agreement allows ADDX to operationalise an arrangement with ICHAM to channel QDLP funds from mainland investors into overseas digital securities.

ESG / Sustainability

GFANZ Consults on Net-zero Transition Planning Framework

24/06/2022

GFANZ identifies four critical approaches for financial institutions to support real-economy GHG emissions reductions.