Securities / Derivatives

Market Infrastructure

CCPs Should Limit Procyclical Changes to Initial Margin: ISDA

By Editors | 11/01/2021

Procyclical changes to initial margin levels ended up draining liquidity from the market and contributing to market stress during the March/April market turmoil.

Securities / Derivatives

CSRC Issues Final Rules on Convertible Corporate Bonds

By Editors | 11/01/2021

The rules require trading venues to improve trading rules, enhance risk monitoring, and establish appropriate investor suitability and information disclosure rules.

Enforcement

FSS Korea to Probe Samsung Securities for Regulatory Violations

By Editors | 11/01/2021

The FSS will look into whether loans granted to executives violated the capital market law and whether the firm influenced a merger involving one of its subsidiaries.

Securities / Derivatives

HKEX Launches Familiarisation Programme for New Risk Engine

By Editors | 11/01/2021

A familiarisation programme has been launched to allow clearing participants to retrieve margin related reports calculated based on the new ORP risk models.

AML / KYC

China Issues New Rules to Protect from Foreign Sanctions

By Manesh Samtani | 11/01/2021

Global businesses that comply with sanctions deemed illegal by MOFCOM can be sued for compensation in Chinese courts.

Sanctions

US Banks to Delist Hong Kong Listed Structured Products

By Manesh Samtani | 11/01/2021

The move is said to be a direct result of a prohibition on US persons from purchasing shares in companies identified to be linked to the Chinese military.

Securities / Derivatives

China Issues Final Rules Governing National Carbon Market

By Editors | 08/01/2021

Provincial level authorities will be able to set carbon emissions caps for the first time, and shall be charged with verifying greenhouse gas emissions reports.

Fintech / Regtech

AI is Bringing a Generational Change to the RegTech Industry

By Lukas Petrikas | 07/01/2021

Artificial intelligence can bring a generational change to the RegTech industry as it strengthens and enhances regulatory and supervisory capabilities, says HKEX’s Lukas Petrikas.

Enforcement

Chinese Court Orders Ratings Firm to Compensate Bond Creditors

By Editors | 07/01/2021

The court held Dagong Global Credit Rating, its controller, underwriter, accounting firm, and law firm jointly responsible for defaults by a construction company three years ago.