SECURITIES / DERIVATIVES

Market Infrastructure

US SEC Proposes Major Rule Changes to Improve Market Fairness

By Editors | 18/12/2022

The proposals include a new best execution regulatory framework, a new order competition rule, and requirements for brokers to provide better disclosures on execution quality.

Securities / Derivatives

Philippine Lawmakers Advance Bill to Establish Sovereign Fund

By Editors | 18/12/2022

Critics say the bill’s timing is poor due to the country’s lack of surplus funds, high national debt, large trade deficit, and other economic problems.

Securities / Derivatives

RBI Lifts Restrictions on Offshore Rupee Trades by Banks

By Editors | 17/12/2022

Informal restrictions on rupee NDF trades in the offshore market were imposed in October to help defend a falling rupee.

Market Infrastructure

ASX Commits to Providing Certainty on Stability of CHESS

By Sanday Chongo Kabange | 16/12/2022

ASIC and the RBA asked ASX to issue a special audited report detailing arrangements to ensure the stability, security and resilience of the existing CHESS system.

Market Infrastructure

US Regulators Deem Audit Inspections of Chinese Firms a Success

By Manesh Samtani | 16/12/2022

The PCAOB did identify some deficiencies in their inspection work, but it was able to view complete audit work papers with no redactions.

Securities / Derivatives

China Asks Banks to Absorb Selling Pressure in Bond Markets

By Editors | 16/12/2022

Banks are asked to absorb selling pressure caused by retail investors withdrawing funds from wealth management products and bond funds.

Market Infrastructure

NYSE, Nasdaq Expected to See More Capital Raises via Direct Listings

By Mark Johnston | 16/12/2022

The SEC is expected to permit the NYSE to ease its rules for direct listings, after a similar approval was granted to Nasdaq earlier this month.

Securities / Derivatives

Stress Eases in Chinese Offshore Debt Market – Reports

By Editors | 15/12/2022

Chinese offshore dollar bonds have ended 14 months of losses. China’s banks have vowed to extend at least USD 179 billion of financing help to developers.

Capital / Liquidity

FSB to Revise Recommendations on Fund Liquidity Management

By Editors | 15/12/2022

Open-ended funds with illiquid assets should only be allowed to offer daily dealing if they use tools that pass on redemption costs to redeeming investors.