Securities / Derivatives

    Capital / Liquidity

    FSB Defers Haircut Standards for Securities Financing Transactions

    By Editors | 08/09/2020

    The extensions will help to ease operational burdens on banks, broker-dealers and regulators, allowing them to focus on Covid-19 related priorities.

    Fintech / Regtech

    ASX Opens Data Science Platform to Third Party Firms

    By Editors | 07/09/2020

    ASX DataSphere allows third-party firms to experiment with ASX and non-ASX datasets spanning fixed income, interest rates, derivatives, equities, and benchmarks.

    Securities / Derivatives

    TOCOM Seeks Market Makers for Electricity Futures Contracts

    By Sanday Chongo Kabange | 07/09/2020

    The market maker programme will ensure smooth execution of transactions and improve liquidity in the electricity futures market.

    Enforcement

    SFC Seeks Damages for Tianhe Investors Over Defective Prospectus

    By Editors | 07/09/2020

    The SFC’s investigation revealed that about 53% of Tianhe’s total track record revenue disclosed in its 2014 IPO prospectus was overstated.

    Securities / Derivatives

    S. Korea to Create $16.8bn ‘New Deal’ Fund Over 5 Years

    By Manesh Samtani | 07/09/2020

    The government will act as a subordinate investor, meaning that it (namely, taxpayers) will absorb up to 10 percent of any possible losses first.

    Market Infrastructure

    China to Expand Stock Connect, Deepen Reforms – Reports

    By Editors | 07/09/2020

    The scope of investment products foreign investors can trade via Stock Connect will be expanded, among other reforms, said the CSRC’s Fang Xinghai.

    Capital / Liquidity

    HKEX Enhances Capital-based Position Limits for Options, Futures

    By Manesh Samtani | 07/09/2020

    SEOCH and HKCC clearing participants can apply to increase their capital-based position limits, provided they meet a set of criteria.

    Enforcement

    US SEC Launches Fraud Probe into Chinese Edutech Firm

    By Manesh Samtani | 06/09/2020

    Reports first emerged in February alleging that up to 80% of GSX Techedu users are fake, evidenced by attendance data, server records, and admissions by former employees.

    Securities / Derivatives

    US SEC Stays Implementation of NYSE Direct Listing Rules

    By Editors | 06/09/2020

    The Council of Institutional Investors has objected to the direct listing rules on concerns that companies may circumvent investor protections built into the IPO process.

    Capital / Liquidity

    RBI Loosens Constraints on Banks’ Bond-buying Activities

    By Editors | 06/09/2020

    The move will provide banks additional liquidity to buy more government bonds and help calm investors who are nervous about a sudden spike in yields.

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