Securities / Derivatives

Enforcement

Korea FSS Formally Launches Probe Into Private Funds Industry

By Editors | 20/07/2020

Any misconduct detected during the probe will be referred to prosecutors and follow-up efforts will be made to protect investors. The probe is expected to continue until 2023.

Securities / Derivatives

CFTC Grants Certification to 23 HKFE Index Futures Contracts

By Editors | 20/07/2020

The 23 contracts can be offered and sold to US persons, and are among the new products being introduced as part of a ten-year licensing agreement with MSCI.

Enforcement

Court Finds ex-HKMEx Head Guilty of Conspiracy to Defraud SFC

By Editors | 20/07/2020

The former head and CFO of now-defunct Hong Kong Mercantile Exchange conspired to hide the exchange’s true financial position and mislead the SFC into allowing it to retain its licence.

AML / KYC

China: Regulators Seize Nine FIs Linked to Tomorrow Group

By Editors | 20/07/2020

The CBIRC has seized control of four insurance companies and two trust companies, while the CSRC has taken over two securities firms and one futures brokerage.

Securities / Derivatives

Korea Launches Bond-Buying, Asset-Buying SPVs

By Editors | 19/07/2020

Korea Development Bank is operating an SPV to buy low-rated corporate debt. KAMCO is separately being deployed to buy up corporate assets at fair prices.

Market Infrastructure

China to Connect Interbank, Exchange Traded Bond Markets

By Editors | 19/07/2020

Qualified investors will be able to buy and sell tradable bonds in either of the two markets through a single nominee account, subject to meeting investor suitability requirements.

Market Infrastructure

Hong Kong Regulators Offer Assurances on National Security Law

By Editors | 19/07/2020

Financial Secretary Paul Chan has asked Hong Kong financial regulators to explain to their stakeholders that the national security law will not harm their operations.

Securities / Derivatives

KOFIA Chair Vows to Restore Trust in Hedge Fund Industry

By Editors | 17/07/2020

KOFIA will prevent moral hazard in the hedge fund industry by providing consulting services and strengthening the role of prime brokers, intermediaries and fund managers in monitoring efforts.

Market Infrastructure

Optimising the Libor Switch with Portfolio Compression

By Editors | 17/07/2020

TriOptima’s multilateral approach to portfolio compression is helping the sell-side and buy-side alike to reduce Libor risk, optimise capital, and enhance operational efficiency.