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Securities / Derivatives
Fund Managers Relocating Staff Away from Hong Kong: HKIFA
By Editors | 18/08/2022
A survey of 36 fund managers found that almost 70 percent are finding it difficult to hire non-local and non-mainland staff to work in Hong Kong due to Covid restrictions.
Sanctions
LME Bans Russian Nickel From UK Warehouse Facilities
By Editors | 18/08/2022
Higher duties on Russian metals imposed as part of a sanctions package have now been extended to nickel.
Market Infrastructure
FCA Calls on Issuers to Transition Remaining LIBOR Bonds
By Editors | 18/08/2022
Issuers of remaining GBP, JPY and USD LIBOR-linked bonds should initiate consent solicitation processes, and not rely on synthetic rates.
Crypto / Digital Assets
Korea FSS Targets Illegal Short Selling, FX Transactions
By Editors | 17/08/2022
October inspections will focus on firms with high volumes of short selling transactions. Probe into crypto-related FX transactions still underway.
Securities / Derivatives
Investment Funds Increasingly Setting Up as Singapore VCCs
By Editors | 17/08/2022
Singapore has reportedly been welcoming more than a dozen investment funds every month under the VCC regime.
Capital / Liquidity
China to Issue Guarantees on Bonds Issued by Developers
By Editors | 17/08/2022
State-owned China Bond Insurance will give unconditional and irrevocable joint liability guarantees for batches of bond sales in the interbank market.
AML / KYC
Moscow Reopens Bond Market to ‘Friendly’ Nations
By Manesh Samtani | 17/08/2022
Investors from “unfriendly” countries remain subject to capital controls banning them from selling or collecting payments on Russian securities.
Securities / Derivatives
More Clarity Needed on China Green Bond Principles: Fitch
By ESG Investor | 16/08/2022
Fitch Ratings said the new principles provide greater transparency but lack clarity on the use of proceeds for working capital and debt repayment.
Enforcement
HK Exchange Censures Ping An Securities, Two Former Directors
By Editors | 16/08/2022
The two former executive directors of Ping An Securities caused losses to the company through unapproved loans and asset disposals.
Market Infrastructure
CFTC Removes Clearing Requirement for LIBOR Swaps
By Editors | 16/08/2022
Mandatory clearing requirements will instead apply to interest rate swaps referencing SARON, TONA, €STR, SOFR and SORA.
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