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SECURITIES / DERIVATIVES
Market Infrastructure
ASIC, RBA Set Expectations for ASX Industry Engagement
By Editors | 01/09/2023
ASIC and the RBA directed ASX to use its new advisory group to seek advice on Australia’s possible implementation of T+1 settlement.
Capital / Liquidity
Investors Sue MUFG Unit Over Credit Suisse AT1 Losses
By Editors | 01/09/2023
The plaintiffs say Mitsubishi UFJ Morgan Stanley Securities sold them the AT1 bonds without providing sufficient explanations and in violation of suitability rules.
Securities / Derivatives
PBOC Pledges to Ease Funding Access for Private Enterprises
By Editors | 01/09/2023
Lenders will be required to set annual goals for lending to private enterprises; this lending will carry extra weight in banks’ performance reviews.
Securities / Derivatives
Almost 100 Superannuation Products Fail APRA Performance Test
By Editors | 31/08/2023
AMG MySuper failed the test for the third consecutive year; 96 trustee-directed products also failed the test.
Enforcement
Korea Reopens Investigations into Handling of Lime Funds
By Editors | 31/08/2023
Search and seizure operations were carried out at two securities firms on Thursday. Additional inspections at a third firm.
Securities / Derivatives
What SGX Regco Expects Of Disclosures Around Key Financial Indicators
By Boon Gin Tan | 31/08/2023
Boon Gin Tan and June Sim discuss SGX RegCo’s expectations of disclosures in respect of three financial indicators that are actively monitored.
Market Infrastructure
HK Clearing Rules Updated to Account for Benchmark Reforms
By Manesh Samtani | 31/08/2023
The clearing obligation will no longer apply to transactions referencing LIBOR and EONIA, which have been discontinued.
Enforcement
US SEC Fines Citigroup for ‘Wilful’ Record-Keeping Violations
By Editors | 30/08/2023
The SEC said Citigroup Global Markets used an “unsubstantiated and unverified” method to calculate and record indirect expenses associated with its underwriting work.
Crypto / Digital Assets
SFC Grants In-Principle Approval to Swiss Crypto Bank, SEBA
By Manesh Samtani | 30/08/2023
SEBA plans to offer brokerage, advisory and asset management services in Hong Kong, covering securities, derivatives and crypto products.
Capital / Liquidity
FSB Commences Review of Post-GFC Securitisation Reforms
By Editors | 30/08/2023
The FSB will assess the extent to which the securitisation reforms are achieving their intended objectives.
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