Securities / Derivatives

Enforcement

FINMA Opens Probe Into Credit Suisse Archegos Losses

By Sanday Chongo Kabange | 24/04/2021

The Swiss regulator said it will appoint a third-party agent to investigate “possible shortcomings in risk management” at Credit Suisse.

Securities / Derivatives

FMA Warns Fund Managers Not to Mislead Investors

By Sanday Chongo Kabange | 22/04/2021

The FMA has directed fund managers not to advertise performance which only includes the recovery after March 2020.

Market Infrastructure

DTCC Study Highlights Need to Enhance Post-trade Processes

By Editors | 22/04/2021

The sell-side is seeking enhancements to reconciliations and confirmations capabilities. The buy-side is focusing on fails and collateral management.

Capital / Liquidity

Close-out Netting Can Be Guaranteed in Resolution: CBIRC

By Sanday Chongo Kabange | 22/04/2021

Recent bankruptcies by FIs have “fully proved” that close-out netting can be guaranteed in the resolution stage, a CBIRC official said at ASIFMA’s China Capital Markets Week.

Securities / Derivatives

SGX Launches New FFA, Futures For Managing Freight Risk

By Editors | 21/04/2021

The new contracts offer participants more precise hedging tools as a recovery drives demand for iron ore and minor bulks, SGX said.

Securities / Derivatives

IIF Calls for Stricter Disclosure, Accounting Rules in A-Share Market

By Sanday Chongo Kabange | 21/04/2021

Despite the attractiveness of Chinese equities, foreign ownership remains lower than in other major markets at 4.3 percent.

Enforcement

Mirae Asset Sues Shinhan Over Lime Fund Losses

By Sanday Chongo Kabange | 21/04/2021

Shinhan Bank has separately been ordered to repay up to 75 percent of investments it sold in Lime’s credit insured funds.

ESG / Sustainability

CSRC Announces Launch of Guangzhou Futures Exchange

By Manesh Samtani | 21/04/2021

The GFEX will develop carbon futures, and also explore electricity futures, climate-related products, commodities index futures and other “green-linked” commodities.

AML / KYC

FSS Korea Mulls New Crypto Rules to Counter ‘Kimchi Premium’

By Sanday Chongo Kabange | 20/04/2021

The plan is a response to growing suspicions that investors are purchasing bitcoin from overseas exchanges with the intent of selling them in Korea at a premium.