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SECURITIES / DERIVATIVES
Securities / Derivatives
US SEC to Prohibit Conflicts of Interest in Securitisation Transactions
By Editors | 27/01/2023
The rule, first proposed in 2011 but never finalised, will prohibit firms participating in asset-backed securities from betting against investors in those securities.
Enforcement
Morgan Stanley Fines Staff Over Use of Messaging Platforms
By Editors | 27/01/2023
The penalties ranged from several thousand dollars for some staff to more than USD 1 million for others, cut from past bonuses or future pay.
Capital / Liquidity
RBI Proposed New Securitisation Framework for Stressed Assets
By Editors | 27/01/2023
Banks would be able to sell stressed assets to special purpose entities that issue securitisation notes for investors to buy.
Crypto / Digital Assets
ISDA Launches Standard Definitions for Digital Asset Derivatives
By Editors | 27/01/2023
ISDA says the definitions set clear provisions for execution and settlement and will help to reduce credit and market risk in digital asset trading.
Enforcement
SEBI Targets Front-running in Nationwide Raids
By Editors | 27/01/2023
Individuals would take positions on certain stocks prior to so-called ‘market experts’ going on live television to recommend those same stocks.
ESG / Sustainability
India Issues First Ever Sovereign Green Bonds
By Editors | 26/01/2023
India raised almost $1bn that it will use for investments in renewable energy and climate change adaptation, among other areas.
Enforcement
APRA Imposes Licence Conditions on Super Fund Trustee
By Editors | 25/01/2023
In APRA’s 2022 ‘MySuper Heatmap’, only one other super fund trustee charged more in administration fees than Diversa Trustees’ product.
Securities / Derivatives
CSRC Grants QDII Status to Morgan Stanley Unit
By Editors | 25/01/2023
Morgan Stanley Huaxin Fund Management is the 10th asset manager to obtain QDII status, which allows firms to invest offshore for mainland investors.
Enforcement
Korean Regulator Promises to Punish Convertible Bond Abuse
By Editors | 25/01/2023
The FSS says unfair trade practices and market manipulation are occurring in private placements of convertible bonds.
Enforcement
US SEC Fines Bloomberg Over “Misleading” BVAL Disclosures
By Editors | 25/01/2023
SEC commissioners Hester Peirce and Mark Uyeda issued a joint statement saying they do not support the action against Bloomberg.
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