Securities / Derivatives

Securities / Derivatives

PBOC Optimises Interbank Bond Market Circulation Mechanism

By Editors | 06/04/2021

Bond registration, depository and clearing institutions will establish direct connections with the interbank bond market to enable electronic transmission of information.

Enforcement

US SEC Opens Preliminary Investigation into Archegos Collapse

By Manesh Samtani | 06/04/2021

Credit Suisse expects a $4.7bn loss from the collapse of Archegos. The bank has suspended share buybacks, cut its dividend, and announced the departure of seven key executives.

Enforcement

ASIC Bans Sale of Binary Options to Retail Clients

By Editors | 05/04/2021

The binary options ban will take effect from 3 May. A separate order imposing conditions on the issue and distribution of CFDs to retail clients has taken effect on 29 March.

Big Picture

ISDA, CCDC Outline Barriers to Using RMB Bonds as IM Collateral

By Editors | 03/04/2021

China has to address questions around close-out netting enforceability, which restrict the use of Chinese government bonds as IM in global derivatives markets.

Securities / Derivatives

HKEX Proposes to Streamline Listing Regime for Overseas Issuers

By Manesh Samtani | 03/04/2021

The proposed changes provide an easier path to a Hong Kong listing particularly for Chinese companies under pressure to delist from US exchanges.

Securities / Derivatives

PSE Proposes to Exempt AIFs from Lock-up Rules

By Editors | 02/04/2021

Currently, alternative investment funds that acquired shares 180 days before an IPO are subject to a 365-day lock-up period.

ESG / Sustainability

SEBI Approves Listing Rule Changes, New ESG Reporting Requirements

By Editors | 02/04/2021

The new reporting requirements set the stage for taking a leap for better disclosures in the ESG space in India, SEBI said.

Securities / Derivatives

CSRC to Explore Creation of Domestic Exchange for Overseas Firms

By Editors | 02/04/2021

Talks for the new exchange are reportedly in early stages. A time frame and location have not yet been decided.

Market Infrastructure

HKMA, BOJ Launch Cross-border DvP Link for JGBs

By Editors | 02/04/2021

The link supports DvP settlement of the HKD sale and repo transactions using JGB as collateral, eliminating settlement risk on such transactions.