Big Picture

ISDA, CCDC Outline Barriers to Using RMB Bonds as IM Collateral

03/04/2021

China has to address questions around close-out netting enforceability, which restrict the use of Chinese government bonds as IM in global derivatives markets.

Securities / Derivatives

PSE Proposes to Exempt AIFs from Lock-up Rules

02/04/2021

Currently, alternative investment funds that acquired shares 180 days before an IPO are subject to a 365-day lock-up period.

ESG / Sustainability

SEBI Approves Listing Rule Changes, New ESG Reporting Requirements

02/04/2021

The new reporting requirements set the stage for taking a leap for better disclosures in the ESG space in India, SEBI said.

Securities / Derivatives

CSRC to Explore Creation of Domestic Exchange for Overseas Firms

02/04/2021

Talks for the new exchange are reportedly in early stages. A time frame and location have not yet been decided.

Market Infrastructure

HKMA, BOJ Launch Cross-border DvP Link for JGBs

02/04/2021

The link supports DvP settlement of the HKD sale and repo transactions using JGB as collateral, eliminating settlement risk on such transactions.

Capital / Liquidity

APRA Raises Macquarie’s Capital, Liquidity Requirements

02/04/2021

Macquarie is said to have incorrectly treated specific intra-group funding arrangements for the purposes of calculating capital and related entity exposure metrics.

Securities / Derivatives

ASX Finalises, Defers Listing Rule Changes to June

01/04/2021

The listing rule changes deal with online forms, notification of security issues and corporate action timetables.

Market Infrastructure

FS-ISAC Warns Banks of Growing Threat from Cyber Attacks

01/04/2021

Nation-states and cybercriminals may be wittingly leveraging each other’s tools and tactics, leading to an increase in cross-border attacks targeting financial services suppliers.

Market Infrastructure

BCBS Issues Principles for Operational Resilience and Risk

01/04/2021

Increasing banks’ resilience to absorb shocks from operational risks will provide additional safeguards to the financial system as a whole, the BCBS says.