Securities / Derivatives

Capital / Liquidity

HK Clearinghouses Adjusts Capital Requirement for GCPs

By Editors | 16/06/2022

General clearing participants have to maintain liquid capital of HK$100mn for their first five non-clearing participants, and HK$20mn for each additional non-clearing participant.

AML / KYC

SFC Fines China Everbright Securities for AML/CFT Violations

By Editors | 16/06/2022

Unrelated clients received deposits from the same third party within four days, and then used the funds to trade in the same stock.

Market Infrastructure

Japanese Tax System Derailing Tokyo Hub Ambitions: Report

By Sanday Chongo Kabange | 16/06/2022

The plan to reform the tax system to attract hedge funds to Tokyo has resulted in “preferential treatment no one would use.”

Enforcement

US SEC Penalises Schwab Over Robo-Adviser Disclosures

By Editors | 16/06/2022

High cash balances resulted in lower returns for robo-adviser clients.  The effect of this “cash drag” was not disclosed to clients, the SEC said.

Market Infrastructure

ASIC Calls on Listed Companies to Bolster Cyber Resilience

By Sanday Chongo Kabange | 16/06/2022

Companies should review their cyber resilience settings and ensure detection, mitigation and response measures are adequate, says Greg Yanco.

Market Infrastructure

ASX Consults on Fallbacks for 90 Day Bank Bill Futures

By Editors | 15/06/2022

ASX says the inclusion of fallback provisions in contractual documentation will provide contractual and risk management certainty.

Market Infrastructure

Is Asia Pacific Ready for T+1 Settlement?

By Nellie Dagdag | 15/06/2022

Nellie Dagdag considers the implications of a move to T+1 settlement cycle for equities in Asia Pacific, and the benefits it will bring.

ESG / Sustainability

Green Funds Largely Unaligned with Paris Agreement – S&P

By ESG Investor | 14/06/2022

S&P looked at nearly 12,000 equity mutual funds and ETFs representing more than USD 20 trillion in market value. About 11% were aligned with the Paris goals.

ESG / Sustainability

US SEC Probes Goldman Sachs for Suspected Greenwashing

By Editors | 14/06/2022

The SEC is reportedly investigating whether disclosures made to clients accurately described the investment practices used by two Goldman funds.