Securities / Derivatives

FSC Korea to Enable Greater Retail Participation in IPOs

20/11/2020

From next month, the retail allocation of IPOs shares will increase from 20% to 30%, and a fairer approach to allocations will be adopted.

AML / KYC

JP Morgan Becomes Global LEI System’s First Validation Agent

19/11/2020

JP Morgan issued the first LEI under the new Validation Agent model with LEI issuer, Business Entity Data, a wholly-owned subsidiary of DTCC.

ESG / Sustainability

KRX Launches Index Tracking Carbon Efficiency of Listed Companies

19/11/2020

The index assigns weightings based on carbon-to-revenue footprints calculated using information in sustainability reports, annual reports, ESG reports, and other publicly disclosed sources.

Securities / Derivatives

AllianceBernstein Seeks CSRC Approval for China Mutual Fund Unit

19/11/2020

US fund manager AllianceBernstein’s Hong Kong unit has applied to set up a mutual fund unit in China.

Capital / Liquidity

HKMA Consults on Local Implementation of Final Basel III Reforms

19/11/2020

The consultation is open until 6 January 2021, ahead of industry engagement in 2021, legislative amendments in 2022, and a 1 January 2023 target implementation date.

Capital / Liquidity

Progress of G-SIBs Toward Resolvability Deemed Satisfactory: FSB

19/11/2020

Most G-SIBs are estimated to already meet the final 2022 minimum external TLAC requirement, and the market has so far absorbed issuance without difficulty.

Deloitte Appointed to Review RBNZ Processes After Accidental Disclosure

18/11/2020

A letter confirming RBNZ’s decision to introduce a Funding for Lending Programme was sent to financial services firms 45 early last week.

Securities / Derivatives

Singapore Sees Regulatory Support for Bank-Issued Covered Bonds

18/11/2020

Moody’s Investors Service says the higher encumbrance limit set by MAS last month may increase covered bonds issuances, deepen the market and reduce refinance risks.

Capital / Liquidity

RBI Proposes DBS as Merger Partner to Rescue Lakshmi Vilas Bank

18/11/2020

The RBI has capped withdrawals from Lakshmi Vilas Bank and superseded the bank’s board due to its “rapidly deteriorating financial position”.