Securities / Derivatives

Securities / Derivatives

US, UK Agencies Work to Clean Up Credit Derivatives Market

By Editors | 24/09/2019

In a joint statement, the SEC, CFTC and FCA have pledged to work together to address “opportunistic strategies” that harm the credit derivatives market.

Securities / Derivatives

SEBI Prescribes New Risk Management Norms for Liquid Funds

By Editors | 24/09/2019

From 1 April 2020, liquid and overnight funds must hold at least 20% of their net assets in liquid assets such as cash, government securities and treasury bills.

Enforcement

US SEC Settles Charges Against Nissan, Former CEO

By Editors | 24/09/2019

As settlement for underreporting CEO compensation, Nissan agreed to pay $15mn, while ex-CEO Carlos Ghosn will pay $1mn and get a 10-year officer and director bar.

Securities / Derivatives

Civil Unrest Forces Brokers to Exit Hong Kong Market

By Editors | 24/09/2019

Since the Hong Kong protests began in June, ten brokerage firms have reportedly exited the market amid lower turnover and shrinking commission revenues.

Market Infrastructure

Thailand, Clearstream Go Live with Cross-Border Funds Link

By Editors | 24/09/2019

The new link allows international investors to access Thailand’s funds market, and Thai investors to access more than 190,000 funds on Clearstream’s platform.

Securities / Derivatives

SFC Imposes Lifetime Ban on Former BoCom Banker

By Editors | 24/09/2019

The ban follows an August 2018 conviction, where the former banker was found guilty of soliciting illegal commission payments from a client for stock trading profits.

Securities / Derivatives

Philippine Insurers Permitted to Borrow, Lend Securities

By Editors | 24/09/2019

The move is aimed at helping the insurance industry to broaden their investment options, diversify their portfolios, and more actively participate in capital market development.

Market Infrastructure

Vietnam to Consolidate Exchanges Under Single Entity

By Editors | 23/09/2019

Under the new structure, HOSE will focus on operating the stock market and the HNX will focus on derivatives and bond markets.

Securities / Derivatives

Japan to Tighten Approval Threshold for Foreign Investment

By Editors | 23/09/2019

The stricter rules could create a significant new hurdle to investment in Japan, with foreign fund managers reportedly describing their effect as “chilling”.