Securities / Derivatives

Securities / Derivatives

China Fund Managers Prepare to Launch Cross Market Bond ETFs

By Editors | 17/12/2020

Five fund managers have reportedly applied to launch bond index funds that can be traded on the Shanghai exchange, Shenzhen exchange, or the interbank market.

Enforcement

US SEC Settles Luckin Coffee Fraud Charges for $180m

By Editors | 17/12/2020

Luckin materially misstated its revenue, expenses, and net operating loss to falsely appear to achieve rapid growth and increased profitability, the SEC said.

Securities / Derivatives

Euroclear Bank, Japan Launch New Asset Class: ‘Origami Bonds’

By Editors | 17/12/2020

Japanese cities Kobe and Yokohama as well as Shizuoka Prefecture were the first three issuers to utilise the new Origami bond structure.

Securities / Derivatives

Fast Growing NBFI Sector Presents Financial Stability Risk: FSB

By Editors | 17/12/2020

NBFI that poses financial stability risk grew by 11.1% in 2019, at a faster pace than the average 7.1% annual growth rate from 2013-18.

Securities / Derivatives

FMA Issues Disclosure Framework for Green Investment Products

By Editors | 17/12/2020

The guidance sets out the type of disclosure the FMA expects from issuers of green bonds and other ‘responsible’ investment products.

Securities / Derivatives

Malaysia to Lift Short Selling Ban, Intraday Ban to Remain

By Editors | 17/12/2020

The dynamic and static price limits and revised circuit breaker mechanism implemented in July will be extended. Margin financing flexibilities for brokers will remain in place.

AML / KYC

MSCI, Nasdaq Announce Removal of Chinese Companies from Indices

By Editors | 17/12/2020

MSCI, Nasdaq, S&P Dow Jones Indices and FTSE Russell have now all announced the removal of Chinese companies from their indexes to comply with last month’s executive order.

Enforcement

CSRC Suspends Credit Rating Agency, Orders Improvements

By Editors | 16/12/2020

The rating agency has been asked to carry out a comprehensive rectification programme, strengthen internal controls, and improve the quality of its ratings.

AML / KYC

ANNA Announces Expansion of ISIN-to-LEI Mapping Initiative

By Editors | 16/12/2020

The linking of ISINs and LEIs effectively links issuers to the issuance of securities, thereby improving transparency and aiding risk and exposure management.