Securities / Derivatives

Securities / Derivatives

SEBI to Raise Net Worth Requirements for Merchant Bankers

By Ajoy K Das | 30/08/2024

The current net worth requirement is around $6mn. SEBI proposes to raise this 10x for those handling main board issues.

Enforcement

ASIC Fines CLSA for Providing Incorrect Regulatory Data

By Sanday Chongo Kabange | 30/08/2024

The failures arose from a change to CLSA’s global order management system that was “not adequately scoped and tested” before implementation.

Crypto / Digital Assets

BCBS Paper Warns of Risks in Permissionless DLT Systems

By Manesh Samtani | 30/08/2024

New working paper describes the risks associated with permissionless DLT, highlighting the need for banks to adopt robust risk management strategies.

Capital / Liquidity

PBOC Starts Stress Testing FIs to Assess Bond Risks

By Mark Johnston | 29/08/2024

The stress tests will assess whether banks can withstand significant drops in bond prices, which could result if yields suddenly rise.

Securities / Derivatives

SEBI Proposes to Mandate UPI Blocking Mechanism for Stock Trades

By Ajoy K Das | 29/08/2024

Under the UPI block mechanism, investors only transfer funds to the broker after their shares are credited.

Crypto / Digital Assets

HKMA Launches New Sandbox for Tokenised Asset Transactions

By Sanday Chongo Kabange | 29/08/2024

The Project Ensemble Sandbox will facilitate interbank settlement using tokenised money for transactions involving tokenised assets.

ESG / Sustainability

Singapore to Issue Standards for AI-Based Valuation Models

By Nithya Subramanian | 29/08/2024

IVAS also working on new guidelines and a new online professional development course focusing on valuing intangible assets.

Market Infrastructure

MAS Identifies Priority Areas for Equities Market Review Group

By Ranamita Chakraborty | 29/08/2024

The review group has identified the areas of focus for its two workstreams and pledged to announce recommendations in phases.

Securities / Derivatives

US SEC Charges Chinese Asset Manager and CEO with Fraud

By Nithya Subramanian | 29/08/2024

The SEC accused QZ Asset Management, QZ Global, and CEO Blake Yeung of using false claims about their investments to defraud investors.