Securities / Derivatives

CSRC Consults on ‘Counselling’ Obligations of IPO Sponsors

09/05/2021

The rules impose obligations on sponsors to ensure that directors, supervisors, senior managers, and major shareholders of IPO applicants understand their listing obligations.

Capital / Liquidity

Standard-setters Examine Margin Practices of Market Participants

08/05/2021

Market participants are invited to complete a survey as part of a review of margining practices in cleared and uncleared markets.

Crypto / Digital Assets

Korea: Police Raid Crypto Exchange, Freeze $214m in Assets

08/05/2021

Crypto exchange V Global is alleged to have engaged in an illegal multi-level marketing scheme to lure investors.

ESG / Sustainability

BIS Innovation Hub, Bank of Italy Launch G20 TechSprint

08/05/2021

Private firms are invited to develop technological solutions to address operational problems in green and sustainable finance.

Big Picture

Industry Body Outlines Best Practices in CCP Credit Risk Management

08/05/2021

The best practices cover governance, model validation, annual credit reviews, operational capabilities, risk management, and portfolio monitoring.

Big Picture

FMSB Publishes Final Standard on Execution of Large Trades

07/05/2021

The Standard establishes principles for how dealers should behave when executing large trades to mitigate market impacts, conduct risks and conflicts of interest.

Securities / Derivatives

HK Insurance Authority Unveils Details of ILS Grant Scheme

07/05/2021

Onshore and offshore sponsors of insurance-linked securities are eligible for the grant scheme, capped at HK$12mn per issuance.

Enforcement

SGX RegCo Deploys AI & Machine Learning to Detect Risk

06/05/2021

SGX RegCo is adapting information from companies’ disclosures into structured data that can be more quickly analysed.

Market Infrastructure

US Banks Execute First BSBY-Linked Swaps Transaction

06/05/2021

Bank of America and JPMorgan Chase entered into a $250mn one-year basis swap with one side tied to BSBY, the other to SOFR.