Securities / Derivatives

Enforcement

FINRA Orders Record Financial Penalties Against Robinhood

By Editors | 01/07/2021

Robinhood has been ordered to pay $70mn for systemic supervisory failures and significant harm suffered by millions of customers.

Big Picture

FSB Offers Policy Options to Enhance MMF Resilience

By Manesh Samtani | 01/07/2021

Requirements for MMFs could include capital buffers, higher liquidity requirements, or the removal of the stable NAV, among other options.

Fintech / Regtech

German Firms Validate Derivatives Use Case for Smart Contracts

By Sanday Chongo Kabange | 01/07/2021

Smart derivative contracts simplify and accelerate settlement processes of OTC derivatives and create economic advantages for counerparties.

ESG / Sustainability

SFC Refreshes Disclosure Guidance for ESG Funds

By Ranamita Chakraborty | 30/06/2021

From January, ESG funds will have to disclose how they attain their ESG focus, referencing the ESG criteria, measurement methodologies, and benchmarks used.

ESG / Sustainability

IOSCO Set to Issue Regulatory Guidance on ESG Ratings

By Ranamita Chakraborty | 29/06/2021

A report due to by published be mid-July will offer guidance to ESG service providers and ratings agencies and recommendations for regulators.

Securities / Derivatives

Singapore to Continue Electronic Dissemination of Offer Documents

By Editors | 29/06/2021

The extension of the temporary measure will allow rights issues and take-over or merger transactions to proceed within prevailing safe management measures.

Crypto / Digital Assets

HKEX Names Firms Piloting New Stock Connect Settlement Platform

By Sanday Chongo Kabange | 28/06/2021

BNP Paribas, Citibank, CSOP Asset Management, Invesco, Northern Trust, State Street, Standard Chartered, BNY Mellon and HSBC will join the HKEX Synapse pilot.

Big Picture

New Report Explores Impact of AT/HFT on Hong Kong Equities

By Manesh Samtani | 28/06/2021

Algorithmic trading and high-frequency trading were generally not found to have a deteriorating impact on market liquidity or increase market volatility.

Market Infrastructure

ISSB Climate Reporting Standard Could be Ready by July 2022

By ESG Investor | 28/06/2021

IOSCO publishes indicative timeline for development of global climate reporting standard, sets sights on ESG data and ratings providers.