SECURITIES / DERIVATIVES

Capital / Liquidity

BIS Paper Suggests Redesign of AT1 Instruments May Be Warranted

By Editors | 17/09/2023

The paper says some market participants “may not fully appreciate” that writedown conditions  may differ across AT1 instruments.

AML / KYC

Philippine SEC Teams Up With US Counterpart, IOSCO to Tackle Securities-related Crime

By Editors | 15/09/2023

The Philippines SEC is looking to strengthen its enforcement capabilities to protect investors from securities fraud and other forms of investment scams.

Securities / Derivatives

IOSCO Propose Good Practices for Leveraged Loan, CLO Markets

By Editors | 15/09/2023

IOSCO says a “prolonged borrower-friendly environment” has given rise to vulnerabilities in leveraged loan and CLO markets.

Securities / Derivatives

IOSCO Warns of Emerging Risks in Private Finance Markets

By Editors | 15/09/2023

IOSCO says private finance markets are “inherently opaque”, and that connections with other parts of the financial system may allow risks to spill into public markets.

Securities / Derivatives

ACGA Urges Korea to Review Corporate Governance Rules

By Mark Johnston | 15/09/2023

The ACGA sent a letter to the FSC outlining areas where Korea’s corporate governance rules can be improved to bolster the capital market and investor confidence.

Securities / Derivatives

SHFE Approves Citi as Futures Margin Depository Bank

By Manesh Samtani | 15/09/2023

The approval is the first granted to a US bank. It allows Citi to provide futures margin depository services to QFI clients trading in China’s commodity derivatives market.

Securities / Derivatives

SEBI Overhauls Quarterly Reports for Alternative Investment Funds

By Mark Johnston | 15/09/2023

The revised format requires AIFs to provide information on their fund structure, investment strategy, portfolio composition, valuation methodology, and other areas.

Enforcement

RHB Investment Bank Fined, Reprimanded for Sponsor Failures

By Editors | 15/09/2023

RHB failed to conduct proper due diligence on an ACE Market listing applicant and to ensure submissions to Bursa Malaysia were complete and accurate.

Securities / Derivatives

China to Provide Guarantees on Private Enterprise Bonds

By Editors | 15/09/2023

China Securities Finance indicated it would work to provide more credit enhancement support to private enterprises to support bond financing.