Securities / Derivatives

FTSE Russell Adds Chinese Govt Bonds to Key Bond Index

02/11/2021

FTSE Russell is considering changes to its index which underpins SGX’s China futures contract, reportedly in response to the launch of an MSCI-based contract at HKEX.

Securities / Derivatives

Hong Kong Introduces Fund Re-domiciliation Mechanisms

01/11/2021

New mechanisms have been established to enable investment funds set up overseas to re-domicile to Hong Kong as OFCs or LPFs.

Market Infrastructure

Tokyo Bourse Outlines Plans to Enhance Cash Equity Market

31/10/2021

The TSE will extend its trading day by 30 minutes alongside a major trading system upgrade in 2024. A five-minute closing auction session may also be introduced.

Securities / Derivatives

SFC Finalises Conduct Rules for Bookbuilding, Placing Activities

31/10/2021

New requirements on bookbuilding, pricing, allocation and placing activities will take effect in August 2022, the SFC said.

Capital / Liquidity

EU Defers Full Basel III Implementation to January 2025

29/10/2021

The EU’s Basel III package of rules includes requirements for banks to under climate stress testing as well as identify, disclose and manage ESG risks.

AML / KYC

FATF Issues Final Updated Guidance on Virtual Assets, VASPs

29/10/2021

The guidance offers clarification on the definition of VASPs, and explains how the FATF standards apply to stablecoins, P2P transactions, NFTs and DeFi.

AML / KYC

FATF Completes Phase One of Unintended Consequences Project

29/10/2021

The FATF has published summary results from a stocktake to understand the unintended consequences that are occurring as a result of AML/CFT standards.

Big Picture

FSB Annual Report Warns of Continued Financial Stability Risk

28/10/2021

Sudden sharp movements in asset prices could spill over across the financial system and the unwinding of policy support could prompt insolvencies and credit losses.

Fintech / Regtech

US Agencies Probe Chinese Payment Terminal Maker PAX

28/10/2021

PAX Global Technology is reportedly under investigation over allegations from a US payment processor that its terminals are being used to stage cyberattacks.