Securities / Derivatives

India’s BSE to Launch Corporate Debt Repos

28/05/2018

BSE received approval from RBI and SEBI to trade repos on corporate debt securities, a move expected to deepen corporate debt market.

Market Infrastructure

Australia to Adopt New Global Banking Ethics Standard

28/05/2018

Financial Services Institute of Australia supporting implementation of seven key recommendations including ethical principles for professional bankers and ethics education and training programmes.

Market Infrastructure

PBOC Pledges Better Information Disclosure, Transparency

24/05/2018

Central bank announcement comes as it tries to make its policy making more transparent and guide market expectations.

Market Infrastructure

New BBSW Calculation Methodology Takes Effect in Australia

24/05/2018

Methodology based upon market transactions over longer rate-set window involving a larger number of participants, during most liquid period of bank bills market; manipulation punishable by civil, criminal penalties.

Market Infrastructure

CFTC Approves ASX Application for Direct Access to US Customers

24/05/2018

ASX can provide direct access to US customers to trade on its platform; CFTC order part of its regulatory deference programme

Securities / Derivatives

India Consults on Opening Up Commodity Derivatives to Foreign Entities

24/05/2018

SEBI consults on allowing foreign entities with direct exposure to Indian commodities into the commodities derivatives markets; FPI’s will not be allowed.

Singapore Consults on Rule Changes for Market Operators

24/05/2018

MAS launched two consultations to change its market operator regime and its product notification regime; changes made to support new business models in financial services.

Market Infrastructure

NSE Takes Legal Action to Prevent SGX India Derivatives Launch

24/05/2018

NSE is seeking to prevent SGX from launching India equity derivative products in June; NSE previously terminated its data sharing agreement with SGX for its Nifty futures offering.

Capital / Liquidity

China Boosts Offshore RMB Liquidity as MSCI Inclusion Looms

21/05/2018

PBOC allows offshore clearing banks to access mainland liquidity, cuts RMB reserve ratio of clearing banks to zero percent, among other measures.