Securities / Derivatives

AML / KYC

SFC, CSRC Set Date for Southbound Investor Identification Regime

By Editors | 20/12/2019

With technical preparations now complete at exchanges and clearinghouses, southbound trading investor identification regime is scheduled for implementation on 13 January.

Securities / Derivatives

UPDATED – BOJ to Boost ETF Market Liquidity by Lending Holdings

By Editors | 20/12/2019

The ETF lending facility is likely to reduce ETF bid/ask spreads and provide an easy way to short the Japanese market.

Market Infrastructure

Leveraged Loan, CLO Markets Increasingly Vulnerable to Shock: FSB

By Editors | 20/12/2019

The growth in leverage loan and CLO markets has resulted in increased leverage in the financial system, weaker creditor protections, and increased complexity in these markets, the FSB warns.

Market Infrastructure

JP Morgan Secures Business Licence for China Joint Venture

By Editors | 19/12/2019

The CSRC gave JP Morgan approval to set up majority-owned securities joint venture in China since March, but it has not been granted a licence to operate until now.

Enforcement

China, US in Talks on Allowing Joint Inspections of Auditors

By Editors | 19/12/2019

The CSRC has reportedly been in talks with the US audit regulator on allowing joint inspections of firms that audit Chinese companies listed in the US.

Securities / Derivatives

HKEX to Include Climate Risk Disclosures in ESG Framework

By Manesh Samtani | 19/12/2019

Listed companies will have to disclose climate-related issues on a ‘comply or explain’ basis, HKEX said in its conclusions from a May consultation to update its ESG reporting framework

Securities / Derivatives

SFC Concludes Consultation on OTC Derivatives Margin Requirements

By Manesh Samtani | 19/12/2019

IM requirements will be phased in for firms with AANA exceeding HK$375bn starting from 1 September 2020, the same date VM requirements take effect.

Securities / Derivatives

China’s Bond Defaults: Is It Time to Be Worried?

By CorporateTreasurer | 19/12/2019

Tewoo’s debt restructuring breaks the market’s assumption that offshore creditors will get full repayment in debt workouts. Investors in China’s SOEs need to brace for more defaults.

Securities / Derivatives

IOSCO Offers Guidance on Reducing Conflicts in Debt Capital Raising

By Editors | 18/12/2019

The guidance includes proposed regulatory measures to address potential conflicts of interest and associated conduct risks that could arise in the debt capital raising process.