SECURITIES / DERIVATIVES

Securities / Derivatives

US SEC to Require New Disclosures from Chinese Issuers

By Manesh Samtani | 31/07/2021

Chinese issuers with VIE structures will have to “prominently and clearly” disclose that they face uncertainty about future actions by the Chinese government.

Market Infrastructure

ASX Launches Compression Service for OTC Derivatives

By Ranamita Chakraborty | 30/07/2021

In recent years, demand for compression services has risen as market participants look to lower capital costs associated with balance sheet-intensive derivatives.

Market Infrastructure

Family Offices Should Start Behaving Like Regulated Entities

By Marie Gervacio | 30/07/2021

Family offices should be reviewing their governance and risk management frameworks in light of the Archegos collapse, says Marie Gervacio.

Enforcement

CSRC Fines ByteDance Employee for Insider Trading

By Sanday Chongo Kabange | 30/07/2021

The CSRC fined the ByteDance employee nearly nine times the profit he made from trading shares on insider information.

Securities / Derivatives

Independent Report Finds Risk Control Failures at Credit Suisse

By Sanday Chongo Kabange | 30/07/2021

The report indicates that the risks were known, but responsible parties in the first and second lines simply failed to act.

Market Infrastructure

ASX to Replace Standard Definitions for Interest Rate Swaps

By Editors | 29/07/2021

From 4 October, all OTC interest rate derivatives contracts will be treated as if they incorporated the new 2021 ISDA Definitions.

Securities / Derivatives

China Will Still Allow IPOs in the US, CSRC Tells Brokers

By Sanday Chongo Kabange | 29/07/2021

Regulators will continue to allow VIE structures, recognising that they serve as a vital way for companies to attract foreign capital.

Securities / Derivatives

CSRC Approves China Telecom Shanghai IPO Following US Ban

By Sanday Chongo Kabange | 28/07/2021

China’s flow of IPOs to the US is expected to ease, with companies instead choosing to list in Shanghai, Shenzhen, or Hong Kong.

Big Picture

FRTB May Constrain Growth of Carbon Trading Market

By Manesh Samtani | 28/07/2021

ISDA suggests in a new paper that the risk weight for carbon certificates under FRTB should be reduced and the tenor correlation parameter should be increased.